Heterogeneous Convergence

JEL codes: 
H50, H70, O11, O18, O40, O51, R11
Author/s: 
Version Date: 
Apr 2013
Abstract: 

We use U.S. county-level data to estimate convergence rates for 22 individual states. We find significant heterogeneity. E.g., the California estimate is 19.9 percent and the New York estimate is 3.3 percent. Convergence rates are essentially uncorrelated with income levels.

Download the paper (196.25 KB)