Full Citation

Title: Income Divergence between Connecticut and Mississippi: Financialization and Uneven Development, 1970-2010

Citation Type: Journal Article

Publication Year: 2019

ISBN:

ISSN:

DOI:

NSFID:

PMCID:

PMID:

Abstract: In recent decades, income divergence between the richest and poorest states in the United States has occurred, contradicting the prediction of neoclassical theory that income growth rates should converge over time. This article places neoclassical theory in dialogue with alternative bodies of literature: financialization, world cities, and uneven development. Using Mississippi and Connecticut as cases, a decomposition shows income divergence between these two states has been caused by two phenomena related to financialization: a growing geographic concentration of the highest-income households, and an increasing share of income claimed by these households.

Url: https://muse.jhu.edu/article/730915

User Submitted?: Yes

Authors: Posey, John

Periodical (Full): Southeastern Geographer

Issue: 3

Volume: 59

Pages: 264-289

Data Collections: IPUMS NHGIS

Topics: Labor Force and Occupational Structure

Countries: