[go: up one dir, main page]

  EconPapers    
Economics at your fingertips  
 

Why has regional income convergence in the U.S. declined?

Peter Ganong and Daniel Shoag

Journal of Urban Economics, 2017, vol. 102, issue C, 76-90

Abstract: The past thirty years have seen a dramatic decline in the rate of income convergence across states and in population flows to high-income places. These changes coincide with a disproportionate increase in housing prices in high-income places, a divergence in the skill-specific returns to moving to high-income places, and a redirection of low-skill migration away from high-income places. We develop a model in which rising housing prices in high-income areas deter low-skill migration and slow income convergence. Using a new panel measure of housing supply regulations, we demonstrate the importance of this channel in the data.

Keywords: Convergence; Regulation; Land use; Migration; Housing prices (search for similar items in EconPapers)
JEL-codes: E24 J23 J24 R14 R23 R52 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (162)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0094119017300591
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Why Has Regional Income Convergence in the U.S. Declined? (2017) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:juecon:v:102:y:2017:i:c:p:76-90

DOI: 10.1016/j.jue.2017.07.002

Access Statistics for this article

Journal of Urban Economics is currently edited by S.S. Rosenthal and W.C. Strange

More articles in Journal of Urban Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2024-08-24
Handle: RePEc:eee:juecon:v:102:y:2017:i:c:p:76-90