Has The Instability Of Personal Incomes Been Increasing?
AbstractThis paper examines trends in the instability of personal incomes in Britain in terms of changes in the transitory variance and in volatility, measures that have received much recent attention in research about the USA. It is shown that, although US measures have trended upwards over the past two decades, there is no such trend in Britain between the early-1990s and the mid-2000s. Explanations for these differences are discussed.
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Bibliographic InfoArticle provided by National Institute of Economic and Social Research in its journal National Institute Economic Review.
Volume (Year): 218 (2011)
Issue (Month): 1 (October)
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Transitory variance; income volatility; income instability; income risk; British Household Panel Survey; longitudinal data;
Find related papers by JEL classification:
- I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
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- Cappellari, Lorenzo & Jenkins, Stephen P., 2013.
"Earnings and Labour Market Volatility in Britain,"
IZA Discussion Papers
7491, Institute for the Study of Labor (IZA).
- Jäntti, Markus & Jenkins, Stephen P., 2013.
IZA Discussion Papers
7730, Institute for the Study of Labor (IZA).
- Markus Jäntti & Stephen P. Jenkins, 2013. "Income Mobility," SOEPpapers on Multidisciplinary Panel Data Research 607, DIW Berlin, The German Socio-Economic Panel (SOEP).
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