Ugo G. Panizza
Abstract
This paper uses OLS and GMM estimations to test for convergence in income distribution. Convergence tests are performed using a high-quality U.S. cross-state panel. The results strongly support the hypothesis of convergence in income distribution across American states.
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This paper uses OLS and GMM estimations to test for convergence in income distribution. Convergence tests are performed using a high-quality U.S. cross-state panel. The results strongly support the hypothesis of convergence in income distribution across American states.
Key concepts: Convergence (economics), Economics, Income distribution, Econometrics, Economic inequality, Inequality, Distribution (mathematics), Panel data