Discussion Paper

Heterogeneous Convergence

Primary author

Professor Daniel Levy

heterogeneous_convergence_april_9_2013_0.pdf

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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.