Income and Consumption Smoothing Among U.S. States: Regions or Clubs?

CEPR Working Paper No. 1670

Posted: 22 May 1998

See all articles by Bent E. Sørensen

Bent E. Sørensen

University of Houston - Department of Economics; Centre for Economic Policy Research (CEPR)

Oved Yosha

Tel Aviv University - The Eitan Berglas School of Economics (Deceased)

Date Written: 1997

Abstract

We measure the amount of income insurance and cross-sectional consumption smoothing achieved within subgroups of states, such as regions of clubs, e.g., the club of rich states. We find that there is as much income insurance between as well as within regions.

JEL Classification: D52, E21, E32, E44, E60, F36,

Suggested Citation

Sorensen, Bent E. and Yosha, Oved, Income and Consumption Smoothing Among U.S. States: Regions or Clubs? (1997). CEPR Working Paper No. 1670. Available at SSRN: https://ssrn.com/abstract=91168

Bent E. Sorensen (Contact Author)

University of Houston - Department of Economics ( email )

204 McElhinney Hall
Houston, TX 77204-5882
United States
713-743-3841 (Phone)
713-743-3798 (Fax)

Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

Oved Yosha

Tel Aviv University - The Eitan Berglas School of Economics (Deceased)

N/A

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