Impact of the recession on households
AbstractSUMMARYThis article examines the impact of the recent recession on households in the UK. The first half of the article uses the Labour Force Survey to assess the effect of the downturn on labour market participation, specifically the proportions of working, workless and mixed households below state pension age. Comparisons between different groups of the population are also drawn, including by: household type, housing tenure, region, age, number of dependent children and age of the youngest dependent child. The second part of the article focuses on changes to the level of household income using the Living Costs and Food Survey. Analysis is presented at different stages of income (original income, gross income, disposable income and post-tax income), and also by household characteristics including: economic position (working, workless or mixed), region, age and composition.
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Bibliographic InfoArticle provided by Palgrave Macmillan in its journal Economic & Labour Market Review.
Volume (Year): 4 (2010)
Issue (Month): 8 (August)
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Web page: http://www.palgrave-journals.com/
Postal: Palgrave Macmillan Journals, Subscription Department, Houndmills, Basingstoke, Hampshire RG21 6XS, UK
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