CHANGES IN THE DISTRIBUTION OF FARM WEALTH IN THE UNITED STATES

This paper examines the changes in the farm sector wealth from 1950 through 1999. The study uses Theil's entropy-based measure of inequality of farm equity by ten regions of the U.S. The entropy-measure is then used to decompose U.S. inequality into within-region and between-region differences. Results show that for the period 1950 to 1993, relative to the number of farms per state, farm wealth in the U.S. became more equally distributed. Further, results show that inequality in wealth may be on the rise in recent years. Key words: inequality, Theil's entropy, farm equity, regional decomposition.


Issue Date:
2001
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/36079
Total Pages:
21
Series Statement:
Selected Paper of the 2001 Annual Meeting, July 8-11, 2001, Logan, Utah




 Record created 2017-04-01, last modified 2017-08-25

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