Abstract

http://ssrn.com/abstract=1082418
 
 

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Convergence in the United States: A Tale of Migration and Urbanization


Riccardo DiCecio


Federal Reserve Bank of St. Louis - Research Division

Charles S. Gascon


Federal Reserve Bank of St. Louis

January 2008

FRB of St. Louis Working Paper Series No. 2008-002A

Abstract:     
We use non-parametric distribution dynamics techniques to reassess the convergence of per capita personal income (PCPI) across U.S. states and across metropolitan and nonmetropolitan portions of states for the period 1969-2005. The long-run distribution of PCPI is bimodal for both states and metro/nonmetro portions. Furthermore, the high income mode of the distribution across metro and nonmetro portions corresponds to the single mode of the long-run distribution across metro portions only. These results (polarization or club-convergence) are reversed when weighting by population. The long run distributions across people are consistent with convergence. Migration and urbanization are the forces behind convergence.

Number of Pages in PDF File: 20

Keywords: convergence, migration, urbanization

JEL Classification: O51, R11, R23

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Date posted: January 10, 2008  

Suggested Citation

DiCecio, Riccardo and Gascon, Charles S., Convergence in the United States: A Tale of Migration and Urbanization (January 2008). FRB of St. Louis Working Paper Series No. 2008-002A. Available at SSRN: http://ssrn.com/abstract=1082418 or http://dx.doi.org/10.2139/ssrn.1082418

Contact Information

Sharon Kay Van Stratton (Contact Author)
Federal Reserve Banks - Federal Reserve Bank of Saint Louis ( email )
411 Locust St
Saint Louis, MO 63011
United States
Riccardo DiCecio
Federal Reserve Bank of St. Louis - Research Division ( email )
411 Locust St
Saint Louis, MO 63011
United States
Charles S. Gascon
Federal Reserve Bank of St. Louis ( email )
411 Locust St
Saint Louis, MO 63011
United States
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