Income and Consumption Smoothing Among U.S. States: Regions or Clubs?
CEPR Working Paper No. 1670
Posted: 22 May 1998
Date Written: 1997
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: Suggested Citation