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The geographic redistribution of income in the United States, 1970–2010: the role of the super-wealthy

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  • John R. Posey

Abstract

Since 1970, households in elite percentiles of the national income distribution have received an increasing share of national income. Simultaneously, several high-income states have expanded their shares of national income. This article investigates the relationship between the increasing concentration of income among the wealthiest households, the increasing geographic concentration of the wealthiest households, and relative changes in state per capita income. An increasing share of the super-rich accounts for much of the difference in income growth between the richest northeastern states and the rest of the country. Several other states with fast-growing income levels, however, experienced more balanced growth.

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  • John R. Posey, 2021. "The geographic redistribution of income in the United States, 1970–2010: the role of the super-wealthy," Letters in Spatial and Resource Sciences, Springer, vol. 14(3), pages 321-333, December.
    • Handle: RePEc:spr:lsprsc:v:14:y:2021:i:3:d:10.1007_s12076-021-00283-4
    DOI: 10.1007/s12076-021-00283-4
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    More about this item

    Keywords

    Inter-regional income inequality; Interpersonal income inequality; Financialization; Uneven development;
    All these keywords.

    JEL classification:

    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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