Uninsurable shocks and international income convergence
Article Abstract:
Constant returns to accumulation in time and cross-sectional analysis eliminate decreasing returns as a prerequisite for income convergence. This convergence setting does not project actual capital flows from capital mobility. Incomes are expected to converge when nonaccumulated income exhibits a cross-sectionally heterogeneous character. Persistent but static dynamics are then observed for income and consumption as individuals maximize savings.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 1995
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Convergence of the South and non-South income distributions, 1969-1979
Article Abstract:
The South traditionally has had a greater distribution of income than other areas. The effect of labor migration and industrial relocation on regional income distribution during the 1970s was studied. The data were obtained from 10,132 households in 1969 and 11,665 households in 1979. Research indicated that the income distribution function of the South either converged or nearly converged to the non-South between 1969 and 1979.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 1992
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Statistical inference and decomposable poverty measures
Article Abstract:
A survey of poverty in the US using data on both whites and non-whites for the period 1975-1985 was undertaken to derive statistical techniques to support the decomposable poverty measures developed by Foster, Greer and Thorbecke. Results show that estimates of such poverty indices have jointly normal distributions.
Publication Name: Bulletin of Economic Research
Subject: Economics
ISSN: 0307-3378
Year: 1995
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