State Per-Capita Income Change since 1950: Sharecropping's Collapse and Other Causes of Convergence

Synopsis

The authors refute prevailing theories that attribute post-1950 state per-capita income convergence to (1) neoclassical adjustment mechanisms, (2) institutional sclerosis, and (3) southern industrialization. In the South, Wheat and Crown contend that sharecropping's collapse stimulated income in many ways. In the West, transport cost developments inhibited income growth, while in the Plains, changes in agriculture and education counted most.