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Pregled bibliografske jedinice broj: 1128452

Century-long dynamics and convergence of income inequality among the US states


Arčabić, Vladimir; Kim, Kyoung Tae; You, Yu; Lee, Junsoo
Century-long dynamics and convergence of income inequality among the US states // Economic Modelling, 101 (2021), 2021; 105526, 20 doi:10.1016/j.econmod.2021.105526 (međunarodna recenzija, članak, znanstveni)


CROSBI ID: 1128452 Za ispravke kontaktirajte CROSBI podršku putem web obrasca

Naslov
Century-long dynamics and convergence of income inequality among the US states

Autori
Arčabić, Vladimir ; Kim, Kyoung Tae ; You, Yu ; Lee, Junsoo

Izvornik
Economic Modelling (0264-9993) 101 (2021), 2021; 105526, 20

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
Inequality ; Convergence clubs ; log t-test ; Inequality determinants ; Pairwise unit root tests ; Structural breaks

Sažetak
This paper analyzes convergence in income inequality among US states using century-long data from 1917 to 2012. Levels of inequality substantially differ among US states, and convergence analysis examines whether those differences have decreased over time. We show weak evidence of inequality convergence from 1917 to 2012. Convergence is found only in the 1932–1985 subsample. Subsample analysis shows divergence in the 1917–1931 and 1986–2012 subsamples, where we find different convergence clubs. Lack of convergence, or the existence of various convergence clubs, suggests that some US states approach different steady states in the long run. These convergence clubs are mainly determined by human capital and government policies. We find that redistributive policies and easy access to education reduce inequality ; capital gains tax is also an efficient policy measure.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija



POVEZANOST RADA


Projekti:
UIP-2017-05-6785 - Osnivanje i razvoj Centra za strukturno i nelinearno makroekonomsko modeliranje (MacroHub) (MACROHUB) (Globan, Tomislav, HRZZ - 2017-05) ( POIROT)
IP-2019-04-4500 - Analiza strukturnih čimbenika konvergencije Republike Hrvatske tijekom tranzicijskog procesa (CONVRH) (Tica, Josip, HRZZ - 2019-04) ( POIROT)

Ustanove:
Ekonomski fakultet, Zagreb

Profili:

Avatar Url Vladimir Arčabić (autor)

Citiraj ovu publikaciju

Arčabić, Vladimir; Kim, Kyoung Tae; You, Yu; Lee, Junsoo
Century-long dynamics and convergence of income inequality among the US states // Economic Modelling, 101 (2021), 2021; 105526, 20 doi:10.1016/j.econmod.2021.105526 (međunarodna recenzija, članak, znanstveni)
Arčabić, V., Kim, K., You, Y. & Lee, J. (2021) Century-long dynamics and convergence of income inequality among the US states. Economic Modelling, 101 (2021), 105526, 20 doi:10.1016/j.econmod.2021.105526.
@article{article, year = {2021}, pages = {20}, DOI = {10.1016/j.econmod.2021.105526}, chapter = {105526}, keywords = {Inequality, Convergence clubs, log t-test, Inequality determinants, Pairwise unit root tests, Structural breaks}, journal = {Economic Modelling}, doi = {10.1016/j.econmod.2021.105526}, volume = {101}, number = {2021}, issn = {0264-9993}, title = {Century-long dynamics and convergence of income inequality among the US states}, keyword = {Inequality, Convergence clubs, log t-test, Inequality determinants, Pairwise unit root tests, Structural breaks}, chapternumber = {105526} }
@article{article, year = {2021}, pages = {20}, DOI = {10.1016/j.econmod.2021.105526}, chapter = {105526}, keywords = {Inequality, Convergence clubs, log t-test, Inequality determinants, Pairwise unit root tests, Structural breaks}, journal = {Economic Modelling}, doi = {10.1016/j.econmod.2021.105526}, volume = {101}, number = {2021}, issn = {0264-9993}, title = {Century-long dynamics and convergence of income inequality among the US states}, keyword = {Inequality, Convergence clubs, log t-test, Inequality determinants, Pairwise unit root tests, Structural breaks}, chapternumber = {105526} }

Časopis indeksira:


  • Current Contents Connect (CCC)
  • Web of Science Core Collection (WoSCC)
    • Social Science Citation Index (SSCI)
    • SCI-EXP, SSCI i/ili A&HCI
  • Scopus


Uključenost u ostale bibliografske baze podataka:


  • ABI/INFORM
  • Journal of Economic Literature


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