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Changes in Level and Variation in Personal Income in Florida

Published online by Cambridge University Press:  28 April 2015

W.W. McPherson  and
Sarah Shu-Jen Yang
W.W. McPherson
Affiliation:
University of Florida
Sarah Shu-Jen Yang
Affiliation:
University of Florida
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Extract

A question of particular concern in recent years is: what happens to personal income distribution as the average level of income rises? The purpose of this study was to add knowledge to empirical answers to this question by way of estimates of changes in Florida-both within and between regions with different income levels.

Williamson suggests that as significant economic growth first occurs in one region, the absolute income differentials between rich and poor regions are expected to persist or even to increase; but sometime during the course of development, some or all of the disequilibrating tendencies diminish, and the regional differences in incomes decline. Labor migration, capital movements, government policy, geographic size, and labor participation rate were discussed by Williamson as important elements in the exploration of changes over time in incomes among regions.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 6 , Issue 2 , December 1974 , pp. 101 - 108
Copyright
Copyright © Southern Agricultural Economics Association 1974

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References

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