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Author:Falcettoni, Elena 

Working Paper
A Comparison of Living Standards Across the States of America

We use an expected utility framework to examine how living standards vary across the United States and how each state's living standards have evolved over time. Our welfare measure accounts for cross-state variations in mortality, consumption, education, inequality, and cost of living. We find that per capita income is a good indicator of living standards, with a correlation of 0.80 across states. Living standards in most states, however, appear closer to those in the richest states than their difference in per capita income would suggest. Whereas high-income states benefit from higher life ...
Finance and Economics Discussion Series , Paper 2020-041

Discussion Paper
A Comparison of Living Standards Across the States of America

While a large body of literature has examined how welfare, or living standards, vary across countries, very little is known about how welfare varies within a given country. This note summarizes and discusses the analysis and results in Falcettoni and Nygaard (2020), where we seek to fill this gap in the context of the United States.
FEDS Notes , Paper 2020-05-28-1

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