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SUMMARY – living on different incomes in London: can public consensus identify a 'riches line'?

Author

Listed:
  • Davis, Abigail
  • Hecht, Katharina
  • Burchardt, Tania
  • Gough, Ian
  • Hirsch, Donald
  • Rowlingson, Karen
  • Summers, Kate

Abstract

There is widespread public and political concern about economic inequality in the UK today but relatively little research exploring people’s opinions about high incomes, wealth and what it means to be rich. This innovative study aimed to explore what members of the public with lower and higher incomes living in London think defines higher living standards and whether there is a point at which financial resources (income and wealth) are excessive or undesirable for society. London was chosen as the location for the study because economic inequality is particularly pronounced and plainly visible in the capital.

Suggested Citation

  • Davis, Abigail & Hecht, Katharina & Burchardt, Tania & Gough, Ian & Hirsch, Donald & Rowlingson, Karen & Summers, Kate, 2020. "SUMMARY – living on different incomes in London: can public consensus identify a 'riches line'?," LSE Research Online Documents on Economics 121515, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:121515
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    File URL: http://eprints.lse.ac.uk/121515/
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    More about this item

    Keywords

    income; wealth; rich; inequality; poverty;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • D00 - Microeconomics - - General - - - General
    • J00 - Labor and Demographic Economics - - General - - - General

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