Sigma Convergence Versus Beta Convergence: Evidence from County-level Data

This note outlines: 1) Why sigma-convergence may not accompany beta-convergence; 2) Cites evidence of beta-convergence in the U.S.; 3) Demonstrates that sigma-convergence does not hold across the U.S. or within most U.S. states; and 4) Demonstrates the robustness of this finding to increases in mean income. The distributions of shocks appear important towards accounting for income disparity.

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Year of publication:	2003-09
Authors:	Higgins, Matthew ; Levy, Daniel ; Young, Andrew
Institutions:	Department of Economics, Emory University

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Extent:	application/pdf
Series:	Emory Economics.
Type of publication:	Book / Working Paper
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005088277