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Lack Of Higher Wage Opportunities In Missouri Contributes To Slower Economic Growth, Mallory Rahe
Lack Of Higher Wage Opportunities In Missouri Contributes To Slower Economic Growth, Mallory Rahe
Center for Applied Economics
This paper uses publicly available datasets from federal government agencies to explore differences in income inequality across rural and urban Missouri in the aftermath of the Great Recession to better understand how these factors are associated with relative job loss and job recovery. Previous work has explored various explanations for Missouri’s weak economic performance; could income inequality be a contributing factor? I find that Missouri has lower income inequality than the nation, largely from a lack of high-wage jobs. Missouri, and especially rural Missouri, obtains lower income inequality primarily through a lack of high-income households. Across the nation, rising income …