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Income distribution and income dynamics in the United Kingdom

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Abstract

This paper examines why the distribution of income in the United Kingdom has become much less equal in recent years. A first step to understanding factors which may have led to this changed income distribution must be to produce a satisfactory descriptive model of income distribution itself. The authors propose a mode which simultaneously explains income transition and cross-sectional income distribution.

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  • Dr Martin Weale, 1997. "Income distribution and income dynamics in the United Kingdom," National Institute of Economic and Social Research (NIESR) Discussion Papers 116, National Institute of Economic and Social Research.
    • Handle: RePEc:nsr:niesrd:116
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    1. Majumder, Amita & Chakravarty, Satya Ranjan, 1990. "Distribution of Personal Income: Development of a New Model and Its Application to U.S. Income Data," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 5(2), pages 189-196, April-Jun.
    2. Peter Gottschalk & Robert Moffitt, 1994. "The Growth of Earnings Instability in the U.S. Labor Market," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 25(2), pages 217-272.
    3. McDonald, James B & Mantrala, Anand, 1995. "The Distribution of Personal Income: Revisited," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 10(2), pages 201-204, April-Jun.
    4. Abowd, John M & Card, David, 1989. "On the Covariance Structure of Earnings and Hours Changes," Econometrica, Econometric Society, vol. 57(2), pages 411-445, March.
    5. Atkinson, Anthony B., 1970. "On the measurement of inequality," Journal of Economic Theory, Elsevier, vol. 2(3), pages 244-263, September.
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    Cited by:

    1. Dr Richard Dorsett & Dr Silvia Lui & Dr Martin Weale, 2010. "Economic Benefits of Lifelong Learning," National Institute of Economic and Social Research (NIESR) Discussion Papers 352, National Institute of Economic and Social Research.
    2. Sebastian Barnes & Gregory Thwaites, 2005. "'Real-world' mortgages, consumption volatility and the low inflation environment," Bank of England working papers 273, Bank of England.
    3. Richard Dorsett & Silvia Lui & Martin Weale, 2016. "The effect of lifelong learning on men’s wages," Empirical Economics, Springer, vol. 51(2), pages 737-762, September.
    4. Legrand D. F. Saint-Cyr & Laurent Piet, 2017. "Movers and stayers in the farming sector: accounting for unobserved heterogeneity in structural change," Journal of the Royal Statistical Society Series C, Royal Statistical Society, vol. 66(4), pages 777-795, August.
    5. Miles, David & Sefton, James, 2002. "Optimal Social Security Design," CEPR Discussion Papers 3290, C.E.P.R. Discussion Papers.
    6. Piet, Laurent & Saint-Cyr, Legrand D.F., 2016. "Projection de la population des exploitations agricoles françaises à l’horizon 2025," Working Papers 250208, Institut National de la recherche Agronomique (INRA), Departement Sciences Sociales, Agriculture et Alimentation, Espace et Environnement (SAE2).
    7. Lefilleur, Julien & Maurel, Mathilde, 2010. "Inter- and intra-industry linkages as a determinant of FDI in Central and Eastern Europe," Economic Systems, Elsevier, vol. 34(3), pages 309-330, September.
    8. Sefton, J. A., 2000. "A solution method for consumption decisions in a dynamic stochastic general equilibrium model," Journal of Economic Dynamics and Control, Elsevier, vol. 24(5-7), pages 1097-1119, June.
    9. Gustavo De Santis & Giambattista Salinari, 2008. "On the Evolution of Household Income," LIS Working papers 488, LIS Cross-National Data Center in Luxembourg.
    10. Saint-Cyr, Legrand D. F., 2016. "Accounting for farm heterogeneity in the assessment of agricultural policy impacts on structural change," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235778, Agricultural and Applied Economics Association.

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