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The Distribution of the Income in the Great Depression: Preliminary State Estimates

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  • Schmitz, Mark
  • Fishback, Price V.

Abstract

State-level estimates of income shares for the top one and five percent of the population are presented for 1929, 1933, and 1939. Significant cross-sectional variation is found in 1929, but the range narrows as the shares fall dramatically to 1933. Analysis indicates that property incomes influence the shares but provides little evidence of a tradeoff between per capita income and inequality as measured by the shares.

Suggested Citation

  • Schmitz, Mark & Fishback, Price V., 1983. "The Distribution of the Income in the Great Depression: Preliminary State Estimates," The Journal of Economic History, Cambridge University Press, vol. 43(1), pages 217-230, March.
  • Handle: RePEc:cup:jechis:v:43:y:1983:i:01:p:217-230_02
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    Cited by:

    1. Barlevy, Gadi & Tsiddon, Daniel, 2006. "Earnings inequality and the business cycle," European Economic Review, Elsevier, vol. 50(1), pages 55-89, January.
    2. Fishback, Price V. & Kantor, Shawn & Wallis, John Joseph, 2003. "Can the New Deal's three Rs be rehabilitated? A program-by-program, county-by-county analysis," Explorations in Economic History, Elsevier, vol. 40(3), pages 278-307, July.
    3. Joshua L. Rosenbloom & William A. Sundstrom, 1997. "The Sources of Regional Variation in the Severity of the Great Depression: Evidence from U.S. Manufacturing, 1919-1937," NBER Working Papers 6288, National Bureau of Economic Research, Inc.

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