Home > Working Papers

Working Paper 2008-002A

Search | View by Year | View by Category | View by Author

"Convergence in the United States: A Tale of Migration and Urbanization"
by Riccardo DiCecio, and Charles S. Gascon

We use non-parametric distribution dynamics techniques to reassess the convergence of per capita personal income (PCPI) across U.S. states and across metropolitan and nonmetropolitan portions of states for the period 1969-2005. The long-run distribution of PCPI is bimodal for both states and metro/nonmetro portions. Further- more, the high income mode of the distribution across metro and nonmetro portions corresponds to the single mode of the long-run distribution across metro portions only. These results (polarization or club-convergence) are reversed when weighting by population. The long run distributions across people are consistent with convergence. Migration and urbanization are the forces behind convergence.

Full Text - Acrobat PDF (418k)

Notify Me of Updates for:
Category > Regional Economics
Category > Monetary Policy/Macroeconomics