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Recent Changes in the Nature of Distribution Dynamics of US County Incomes

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dc.contributor.author Park, Seonyoung
dc.contributor.author Shin, Donggyun
dc.date.accessioned 2019-03-20T03:54:39Z
dc.date.accessioned 2022-07-12T02:26:46Z
dc.date.available 2019-03-20T03:54:39Z
dc.date.available 2022-07-12T02:26:46Z
dc.date.copyright 2020
dc.date.issued 2020
dc.identifier.issn 2230-2603
dc.identifier.uri https://ir.wgtn.ac.nz/handle/123456789/20926
dc.description.abstract Analysis of US county per capita incomes from 1970 to 2017 reveals the emergence of bipolarizing distribution dynamics from the early 1990s. This bipolarization process is characterized by the vanishing middle income counties mostly joining the high end of the distribution of county incomes. Cross-county differences in education and industry composition contribute to the bipolarization, but government transfers effectively reverse it. The results for these recent decades weakly support the two-club convergence hypothesis. A simulation of various nonlinear income growth dynamics and corresponding distributional dynamics reveals certain conditions on growth patterns for income bipolarization. en_NZ
dc.format pdf en_NZ
dc.language.iso en_NZ
dc.publisher Te Herenga Waka—Victoria University of Wellington en_NZ
dc.relation.ispartofseries SEF Working Paper; 05/2020 en_NZ
dc.rights http://www.victoria.ac.nz/sef/research/sef-working-papers en_NZ
dc.subject bipolarization en_NZ
dc.subject growth dynamics en_NZ
dc.subject distributional dynamics en_NZ
dc.subject index en_NZ
dc.subject non-parametric estimation en_NZ
dc.title Recent Changes in the Nature of Distribution Dynamics of US County Incomes en_NZ
dc.type Text en_NZ
vuwschema.contributor.unit School of Economics and Finance en_NZ
vuwschema.subject.anzsrcfor 149999 Economics not elsewhere classified en_NZ
vuwschema.subject.marsden 140219 Welfare Economics en_NZ
vuwschema.type.vuw Working or Occasional Paper en_NZ
vuwschema.subject.anzsrcforV2 389999 Other economics not elsewhere classified en_NZ

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