Inequality And Growth In The United States: Evidence From A New State-Level Panel Of Income Inequality Measures
Abstract"This paper introduces a new comprehensive panel of annual state-level income inequality measures spanning the postwar period 1945-2004. For many states, the share of income held by the top decile experienced a prolonged period of stability after World War II, followed by a substantial increase in inequality during the 1980s and 1990s. This paper also presents an examination of the long-run relationship between income inequality and economic growth. Our findings indicate that the long-run relationship between inequality and growth is positive in nature and driven principally by the concentration of income in the upper end of the income distribution. "("JEL "D31, O40) Copyright (c) 2008 Western Economic Association International.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Western Economic Association International in its journal Economic Inquiry.
Volume (Year): 47 (2009)
Issue (Month): 1 (01)
Contact details of provider:
Postal: 18830 Brookhurst Street, Suite 304, Fountain Valley, CA 92708 USA
Web page: http://www.blackwellpublishing.com/journal.asp?ref=0095-2583
More information through EDIRC
Find related papers by JEL classification:
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Kaddour Hadri, 2000.
"Testing for stationarity in heterogeneous panel data,"
Royal Economic Society, vol. 3(2), pages 148-161.
- Kaddour Hadri, 1999. "Testing For Stationarity In Heterogeneous Panel Data," Research Papers 1999_04, University of Liverpool Management School.
- Tom Doan, . "HADRI: RATS procedure to implement Hadri test for unit roots in panel data," Statistical Software Components RTS00084, Boston College Department of Economics.
- Galor, Oded & Moav, Omer, 1999.
"From Physical to Human Capital Accumulation: Inequality in the Process of Development,"
CEPR Discussion Papers
2307, C.E.P.R. Discussion Papers.
- Oded Galor & Omer Moav, 2004. "From Physical to Human Capital Accumulation: Inequality and the Process of Development," Review of Economic Studies, Wiley Blackwell, vol. 71(4), pages 1001-1026, October.
- Oded Galor & Omer Moav, 2004. "From Physical to Human Capital Accumulation: Inequality and the Process of Development," Review of Economic Studies, Oxford University Press, vol. 71(4), pages 1001-1026.
- Oded Galor & Omer Moav, 2004. "From Physical to Human Capital Accumulation: Inequality and the Process of Development," GE, Growth, Math methods 0410005, EconWPA.
- Oded Galor & Omer Moav, 1999. "From Physical to Human Capital Accumulation: Inequality in the Process of Development," Working Papers 99-27, Brown University, Department of Economics.
- Perotti, Roberto, 1993. "Political Equilibrium, Income Distribution, and Growth," Review of Economic Studies, Wiley Blackwell, vol. 60(4), pages 755-76, October.
- Goldin, Claudia & Margo, Robert A, 1992.
"The Great Compression: The Wage Structure in the United States at Mid-century,"
The Quarterly Journal of Economics,
MIT Press, vol. 107(1), pages 1-34, February.
- Claudia Goldin & Robert A. Margo, 1991. "The Great Compression: The Wage Structure in the United States at Mid- Century," NBER Working Papers 3817, National Bureau of Economic Research, Inc.
- Edward F. Blackburne III & Mark W. Frank, 2007. "Estimation of nonstationary heterogeneous panels," Stata Journal, StataCorp LP, vol. 7(2), pages 197-208, June.
- Sarah Voitchovsky, 2005. "Does the Profile of Income Inequality Matter for Economic Growth?," Journal of Economic Growth, Springer, vol. 10(3), pages 273-296, 09.
- Galor, Oded & Zeira, Joseph, 1993. "Income Distribution and Macroeconomics," Review of Economic Studies, Wiley Blackwell, vol. 60(1), pages 35-52, January.
- Partridge, Mark D, 1997. "Is Inequality Harmful for Growth? Comment," American Economic Review, American Economic Association, vol. 87(5), pages 1019-32, December.
- Mark Frank, 2009. "Income Inequality, Human Capital, and Income Growth: Evidence from a State-Level VAR Analysis," Atlantic Economic Journal, International Atlantic Economic Society, vol. 37(2), pages 173-185, June.
- Dong‐Hyeon Kim & Ho‐Chuan Huang & Shu‐Chin Lin, 2011. "Kuznets Hypothesis In A Panel Of States," Contemporary Economic Policy, Western Economic Association International, vol. 29(2), pages 250-260, 04.
- Chintrakarn, Pandej & Herzer, Dierk, 2012. "More inequality, more crime? A panel cointegration analysis for the United States," Economics Letters, Elsevier, vol. 116(3), pages 389-391.
- Benjamin, Dwayne & Brandt, Loren & Giles, John, 2010.
"Did higher inequality impede growth in rural China ?,"
Policy Research Working Paper Series
5483, The World Bank.
- Dwayne Benjamin & Loren Brandt & John Giles, 2011. "Did Higher Inequality Impede Growth in Rural China?," Economic Journal, Royal Economic Society, vol. 121(557), pages 1281-1309, December.
- Shahbaz, Muhammad & Ur Rehman, Ijaz & Ahmad Mahdzan, Nurul Shahnaz, 2013. "Linkages between Income Inequality, International Remittances and Economic Growth in Pakistan," MPRA Paper 45577, University Library of Munich, Germany, revised 20 Mar 2013.
- Graziella Bertocchi & Arcangelo Dimico, 2011.
"The Evolution of the Racial Gap in Education and the Legacy of Slavery,"
Department of Economics
0672, University of Modena and Reggio E., Faculty of Economics "Marco Biagi".
- Graziella Bertocchi & Arcangelo Dimico, 2011. "The Evolution of the Racial Gap in Education and the Legacy of Slavery," Center for Economic Research (RECent) 075, University of Modena and Reggio E., Dept. of Economics.
- Bertocchi, Graziella & Dimico, Arcangelo, 2011. "The Evolution of the Racial Gap in Education and the Legacy of Slavery," IZA Discussion Papers 6192, Institute for the Study of Labor (IZA).
- Bertocchi, Graziella & Dimico, Arcangelo, 2011. "The Evolution of the Racial Gap in Education and the Legacy of Slavery," CEPR Discussion Papers 8711, C.E.P.R. Discussion Papers.
- Bandyopadhyay, Debasis & Tang, Xueli, 2011. "Understanding the economic dynamics behind growth-inequality relationships," Journal of Macroeconomics, Elsevier, vol. 33(1), pages 14-32, March.
- João Sousa Andrade & Adelaide Duarte & Marta Simões, 2011. "Inequality and Growth in Portugal: a time series analysis," GEMF Working Papers 2011-11, GEMF - Faculdade de Economia, Universidade de Coimbra.
- Cristiano Perugini & Gaetano Martino, 2008.
"Income Inequality Within European Regions: Determinants And Effects On Growth,"
Review of Income and Wealth,
International Association for Research in Income and Wealth, vol. 54(3), pages 373-406, 09.
- Gaetano Martino & Cristiano Perugini, 2008. "Income inequality within European regions: determinants and effects on growth," Quaderni del Dipartimento di Economia, Finanza e Statistica 52/2008, Università di Perugia, Dipartimento Economia, Finanza e Statistica.
- Dincer, Oguzhan C., 2011. "Trust and schooling in the United States," Economics of Education Review, Elsevier, vol. 30(5), pages 1097-1102, October.
- Benjamin B. Lockwood & Matthew C. Weinzierl, 2012. "De Gustibus non est Taxandum: Heterogeneity in Preferences and Optimal Redistribution," NBER Working Papers 17784, National Bureau of Economic Research, Inc.
- Kim, Dong-Hyeon & Lin, Shu-Chin & Suen, Yu-Bo, 2010. "Dynamic effects of trade openness on financial development," Economic Modelling, Elsevier, vol. 27(1), pages 254-261, January.
- Bertocchi, Graziella & Dimico, Arcangelo, 2012. "The racial gap in education and the legacy of slavery," Journal of Comparative Economics, Elsevier, vol. 40(4), pages 581-595.
- Ho-Chuan (River) Huang & WenShwo Fang & Stephen M. Miller, 2012.
"The Effect of Growth Volatility on Income Inequality,"
1203, University of Nevada, Las Vegas , Department of Economics.
- Ho-Chuan Huang & WenShwo Fang & Stephen M. Miller, 2012. "The Effect of Growth Volatility on Income Inequality," Working papers 2012-09, University of Connecticut, Department of Economics.
- Jalil, Abdul, 2012. "Modeling income inequality and openness in the framework of Kuznets curve: New evidence from China," Economic Modelling, Elsevier, vol. 29(2), pages 309-315.
- Jeffrey Thompson, 2010. "Prioritizing Approaches to Economic Development in New England: Skills, Infrastructure, and Tax Incentives," Published Studies priorities_september7_per, Political Economy Research Institute, University of Massachusetts at Amherst.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christopher F. Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.