Convergence in income inequality in the United States: a nonparametric analysis
This note investigates the spatial distribution of income inequality in the US over the period 1969 to 1999. Taking into account the methodological limitations of traditional convergence analysis, a non parametric approach is applied to examine the dynamics of the entire cross-sectional distribution. The study reveals the presence of a process of convergence in income inequality across the US states throughout the sample period, as a result of the evolution experienced by those sates located at both ends of the distribution in 1969. Nevertheless, the estimates performed suggest that this process will not continue indefinitely.
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Volume (Year): 16 (2009)
Issue (Month): 13 ()
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