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Toward a Uniform Definition of Household Income

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  • Smeeding, Timothy M
  • Weinberg, Daniel H

Abstract

By marrying a "top-down" national income-based approach with a "bottom-up" microdata approach, and a national income accounting perspective with a theoretical perspective, this article attempts to provide a unified framework for aggregating income types to create an income definition that enables researchers to make valid comparisons across nations. An examination of several national household income surveys shows that it is next to impossible to quantify all elements of any new definition in a way that makes international comparisons easy. The framework nonetheless illuminates the differences in current practice and allows researchers to assess the effect of those differences on income distribution measures. Copyright 2001 by The International Association for Research in Income and Wealth.

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Bibliographic Info

Article provided by International Association for Research in Income and Wealth in its journal Review of Income & Wealth.

Volume (Year): 47 (2001)
Issue (Month): 1 (March)
Pages: 1-24

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Handle: RePEc:bla:revinw:v:47:y:2001:i:1:p:1-24

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Cited by:
  1. Frick, Joachim R. & Grabka, Markus M. & Groh-Samberg, Olaf, 2009. "The Impact of Home Production on Economic Inequality in Germany," IZA Discussion Papers 4023, Institute for the Study of Labor (IZA).
  2. Joachim R. Frick & Markus M. Grabka & Olaf Groh-Samberg, 2012. "Dealing With Incomplete Household Panel Data in Inequality Research," Sociological Methods & Research, , , vol. 41(1), pages 89-123, February.
  3. Frick, Joachim R. & Grabka, Markus M. & Smeeding, Timothy M. & Tsakloglou, Panos, 2010. "Distributional effects of imputed rents in five European countries," Journal of Housing Economics, Elsevier, Elsevier, vol. 19(3), pages 167-179, September.
  4. Edward N. Wolff & Ajit Zacharias & Asena Caner, 2005. "Household wealth, public consumption and economic well-being in the United States," Cambridge Journal of Economics, Oxford University Press, Oxford University Press, vol. 29(6), pages 1073-1090, November.
  5. Ajit Zacharias, 2002. "A Note on the Hicksian Concept of Income," Economics Working Paper Archive wp_342, Levy Economics Institute.
  6. Martin Ravallion, 2003. "Measuring Aggregate Welfare in Developing Countries: How Well Do National Accounts and Surveys Agree?," The Review of Economics and Statistics, MIT Press, vol. 85(3), pages 645-652, August.
  7. Anna Fräßdorf & Markus M. Grabka & Johannes Schwarze, 2008. "The impact of household capital income on income inequality: A factor decomposition analysis for Great Britain, Germany and the USA," Working Papers 89, ECINEQ, Society for the Study of Economic Inequality.
  8. Hiroshi Sato & Terry Sicular & Ximing Yue, 2011. "Housing Ownership, Incomes, and Inequality in China, 2002-2007," University of Western Ontario, CIBC Centre for Human Capital and Productivity Working Papers, University of Western Ontario, CIBC Centre for Human Capital and Productivity 201112, University of Western Ontario, CIBC Centre for Human Capital and Productivity.
  9. Borooah, Vani K. & Gustafsson, Bjorn & Li, Shi, 2006. "China and India: Income inequality and poverty north and south of the Himalayas," Journal of Asian Economics, Elsevier, Elsevier, vol. 17(5), pages 797-817, November.

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