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Changes in the Distribution of the National Income in the United Kingdom Since 1860

In: The Distribution of National Income

Author

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  • C. H. Feinstein

    (University of Cambridge)

Abstract

The ‘distribution of the national income’ is a phrase which can be interpreted in various ways, depending on the definition of income and on the distributive classification. For the present paper the basic concept adopted is the national income at factor cost, measured before current transfers (whether of dividends and interest paid by companies and public authorities or of grants to persons from public authorities) and before payment of taxes on income. It thus relates to income as it is initially generated in the economic process of production. The main emphasis is on the gross national product but estimates of net national and net domestic product are also considered.

Suggested Citation

  • C. H. Feinstein, 1968. "Changes in the Distribution of the National Income in the United Kingdom Since 1860," International Economic Association Series, in: Jean Marchal & Bernard Ducros (ed.), The Distribution of National Income, chapter 0, pages 115-148, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-15245-2_4
    DOI: 10.1007/978-1-349-15245-2_4
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    Cited by:

    1. Marta Guerriero, 2019. "The Labor Share of Income Around the World: Evidence from a Panel Dataset," ADB Institute Series on Development Economics, in: Gary Fields & Saumik Paul (ed.), Labor Income Share in Asia, chapter 0, pages 39-79, Springer.
    2. Bengtsson, Erik & Waldenström, Daniel, 2018. "Capital Shares and Income Inequality: Evidence from the Long Run," The Journal of Economic History, Cambridge University Press, vol. 78(3), pages 712-743, September.

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