Why Did Income Growth Vary Across States During the Great Depression
Bibliographic Data
| ID | 10103574 |
|---|---|
| Authors | Thomas A Garrett (Federal Reserve Bank of St. Louis, corresponding author), David C Wheelock (0000-0002-2702-8164, Federal Reserve Bank of St. Louis) |
| Year | 2006 |
| Volume | 66 |
| Issue | 2 |
| Pages | 456-466 |
| Publication date | 2006-06-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic History (JOURNAL) |
| Journal identifiers | ISSN: 0022-0507 • E-ISSN: 1471-6372 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s0022050706000192 |
| OpenAlex | W3124936641 |
| Language | EN |
| Citations received | 3 |
| References cited | 15 |
This note investigates the sources of variation in the growth of per capita personal incomes across U.S. states during the Great Depression. States entering the economic contraction with relatively low per capita incomes tended to suffer larger percentage declines in per capita income than did high income states. By contrast, low-income states tended to experience larger percentage gains during the recovery. Hence, state per capita incomes diverged during the contraction phase and converged during the recovery phase
Demographic economics · Depression (economics · Economic growth · Economics · Macroeconomics · Per capita · Per capita income · Personal income · Population · Demography · Economic Growth and Productivity · Fiscal Policy and Economic Growth · Monetary Policy and Economic Impact
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| Unique citing works | 3 |
|---|---|
| Citations per year | 0,27 |
| Citation span | 2015 - 2023 (9) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 3 |