Open AccessA New State-Level Panel of Annual Inequality Measures Over The Period 1916-2005
Author(s) -
Mark W. Frank
Publication year - 1970
Publication title -
journal of business strategies
Language(s) - English
Resource type - Journals
eISSN - 2162-6901
pISSN - 0887-2058
DOI - 10.54155/jbs.31.1.241-263
Subject(s) - panel data , panel analysis , inequality , demographic economics , period (music) , state (computer science) , panel study of income dynamics , economic inequality , economics , econometrics , mathematics , mathematical analysis , physics , algorithm , acoustics
This paper introduces a new panel of annual state-level income inequalitymeasures over the ninety year period 1916-2005. Among many of the states inequalityfollowed a U-shaped pattern over the past century, peaking both before the GreatDepression and again at the time of the new millennium. The new panel revealssignificant state-level variations, both before the year 1945, and regionally. WhileNortheastern states are strongly correlated with aggregate U.S. trends, we find manyof the Western states have little overall correlation over the past century. The availabilityof this new panel may prove useful to empirical researchers interested in allaspects of income inequality, particularly given the panel’s unusually large numberof both time-series and cross-sectional observations.