Per Capita Personal Income Growth Since 1939 PDF Download
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Author: Lowell De Witt Ashby
Publisher:
ISBN:
Category : Income
Languages : en
Pages : 32
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Book Description
Author: Lowell De Witt Ashby
Publisher:
ISBN:
Category : Income
Languages : en
Pages : 32
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Book Description
Author: Paul W. Bauer
Publisher:
ISBN:
Category :
Languages : en
Pages : 55
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Book Description
Real average U.S. per capita personal income growth over the last 65 years exceeded a remarkable 400 percent. Also notable over this period is that the stark income differences across states have narrowed considerably: In 1939 the highest income state's per capita personal income was 4.5 times the lowest, but by 1976 this ratio had fallen to less than 2 times. Since 1976, the standard deviation of per capita incomes at the state level has actually risen, as some higher-income states have seen their income levels rise relative to the median of the states. A better understanding of the sources of these relative growth performances should help to characterize more effective economic development strategies, if income growth differences are predictable. In this paper, we look for statistically and economically significant growth factors by estimating an augmented growth model using a panel of the 48 contiguous states from 1939 to 2004. Specifically, we control for factors that previous researchers have argued were important: tax burdens, public infrastructure, size of private financial markets, rates of business failure, industry structure, climate, and knowledge stocks. Our results, which are robust to a wide variety of perturbations to the model, are easily summarized: A state's knowledge stocks (as measured by its stock of patents and its high school and college attainment rates) are the main factors explaining a state's relative per capita personal income.
Author: A. B. Atkinson
Publisher: Oxford University Press
ISBN: 0199286892
Category : Business & Economics
Languages : en
Pages : 799
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Book Description
This volume brings together an exciting range of new studies of top incomes in a wide range of countries from around the world. The studies use data from income tax records to cast light on the dramatic changes that have taken place at the top of the income distribution. The results cover 22 countries and have a long time span, going back to 1875.
Author:
Publisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 84
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Author:
Publisher:
ISBN:
Category : Electronic journals
Languages : en
Pages : 112
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Author:
Publisher:
ISBN:
Category : Income
Languages : en
Pages : 322
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Author: United States. Congress
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 1430
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Book Description
The Congressional Record is the official record of the proceedings and debates of the United States Congress. It is published daily when Congress is in session. The Congressional Record began publication in 1873. Debates for sessions prior to 1873 are recorded in The Debates and Proceedings in the Congress of the United States (1789-1824), the Register of Debates in Congress (1824-1837), and the Congressional Globe (1833-1873)
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 160
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Author: United States. Congress. House. Committee on Education and Labor
Publisher:
ISBN:
Category : School buildings
Languages : en
Pages : 1362
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Author: Federal Reserve Bank of Richmond. Research Dept
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 120
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