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Mobility and Modality Trends in US State Personal Income

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Author Info
George W. Hammond
Eric Thompson

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Abstract

We examine the mobility and modality trends in US state per capita personal income (and its components) during the 1929-1999 period. We find strong evidence of convergence for states, but that the tendency towards convergence (and the associated mobility within the distribution) varies during the period and especially for the 1980s. Our analysis of convergence by income component suggests that transfer income contributes more to the observed convergence than does asset income. We also note that distributional mobility need not be accompanied by high rank mobility and find that trends toward convergence in the US have tended to preserve rank ordering. Cet article cherche à examiner les tendances de mobilité et de modalitéquant aux revenus personnels par tête (et à ses composants) aux Etats-Unis pendant la période qui va de 1929 à1999. Il s'avère de fortes preuves d' une convergence entre Etats qui varie au cours de la période étudiée (et qui va de pair avec une variation de la mobilité associée au sein de la distribution), surtout pendant les années 1980. L'analyse de la convergence par les composants du revenu laisse supposer que le revenu de transfert contribue davantage à la convergence observée que ne le fait le revenu de biens. Il est aussi à noter que la mobilité de distribution ne va pas nécessairement de pair avec la mobilité de haut rang. En outre, il est à constater que les tendances à la convergence aux Etats-Unis tendent à maintenir le classement existant. Die Autoren untersuchen Mobilitätsund Modalitätstendenzen in den proKopf Privateinkommen (und ihren Komponenten) in Staaten der USA im Zeitraum 1929-1999. Sie stoßen auf beachtliche Anzeichen gegenseitiger Annäherung von Staaten, stellen aber zugleich fest, daß die Tendenz zur Konvergenz (und der damit verbundenen Modalität in der Verteilung) während diesen Zeitraums, und besonders in den achtziger Jahren, fluktuiert. Die Analyse der Konvergenz nach Einkommenskomponenten legt nahe, daß Transfereinkommen mehr zur beobachteten Konvergenz beitragen als Einkommen von Vermögenswerten. Weiterhin wird festgestellt, daß Verteilungsmobilität nicht unbedingt von hoher Mobilität begleitet sein muß, und daß in den USA Tendenzen zur Konvergenz dahin tendieren, Rangordnung aufrecht zu erhalten.

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Publisher Info
Article provided by Taylor and Francis Journals in its journal Regional Studies.

Volume (Year): 36 (2002)
Issue (Month): 4 (June)
Pages: 375-387
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Handle: RePEc:taf:regstd:v:36:y:2002:i:4:p:375-387

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Keywords: Income Dynamics Convergence; Mobility Modality;

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