Convergence-Divergence of U.S. State Unemployment Rates

Document Type

Article

Publication Date

6-1-2001

School

Interdisciplinary Studies and Professional Development

Abstract

The dispersion of U.S. state unemployment rates and those of many industrialized countries has been observed to maintain persistent dispersion. This paper, by using a model of conditional expectation, investigates the question wheter there was a tendency toward convergence or divergence of the U.S. state unemployment rates. The paper identifies the states that persistently performed above or below unemployment expectations on average for the period 1978–1999. Data were provided by the U.S. Bureau of Labor Statistics.(JELR10)

Publication Title

Journal of Economics and Finance

Volume

25

First Page

172

Last Page

180

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