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; British Household Panel Survey; longitudinal data;
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