It is well known that great variations in money wages and prices can exist within a country even where these differentials are widely known and there is no legal barrier to mobility. This article investigates the possibility that the differential availability or quality of environmental goods...

TRA86 removed the deductibility of state and local sales taxes from U.S. personal income taxes. This effectively increased the price to state governments of sales tax revenue relative to income tax revenues. This implies that state reliance on income taxes relative to sales taxes should have...

This paper examines the effect of industrial diversification on state unemployment and per capita income. Diversification may provide a form of employment insurance to states during cyclic downturns. Thus well diversified states should experience lower unemployment. To the extent that...

This article examines convergence in per capita personal income among the 50 states from 1960 to 1991. Evidence presented in previous studies is mixed concerning whether convergence took place during the period in question. By allowing for differences in cost of living across states, however,...