全球智库信息集成服务系统(G2TT): Why Has Regional Income Convergence in the U.S. Declined?

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w23609
来源ID	Working Paper 23609
	Why Has Regional Income Convergence in the U.S. Declined?
	Peter Ganong; Daniel W. Shoag
发表日期	2017-07-24
出版年	2017
语种	英语
摘要	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.
主题	Macroeconomics ; Consumption and Investment ; Labor Economics ; Labor Supply and Demand ; Regional and Urban Economics ; Regional Economics
URL	https://www.nber.org/papers/w23609
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/581283
推荐引用方式 GB/T 7714	Peter Ganong,Daniel W. Shoag. Why Has Regional Income Convergence in the U.S. Declined?. 2017.