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Income distribution and income dynamics in the United Kingdom

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Author Info

  • Jaysri Dutta
  • J.A. Sefton and

    ()

  • M.R. Weale

    ()

Abstract

This paper examines why the distribution of income in the United Kingdom has become much less equal in recent years. A first step to understanding factors which may have led to this changed income distribution must be to produce a satisfactory descriptive model of income distribution itself. The authors propose a mode which simultaneously explains income transition and cross-sectional income distribution.

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Bibliographic Info

Paper provided by National Institute of Economic and Social Research in its series NIESR Discussion Papers with number 116.

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Date of creation: Mar 1997
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Handle: RePEc:nsr:niesrd:116

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References

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  1. McDonald, James B & Mantrala, Anand, 1995. "The Distribution of Personal Income: Revisited," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 10(2), pages 201-04, April-Jun.
  2. John M. Abowd & David Card, 1986. "On the Covariance Structure of Earnings and Hours Changes," NBER Working Papers 1832, National Bureau of Economic Research, Inc.
  3. Peter Gottschalk & Robert Moffitt, 1994. "The Growth of Earnings Instability in the U.S. Labor Market," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 25(2), pages 217-272.
  4. Majumder, Amita & Chakravarty, Satya Ranjan, 1990. "Distribution of Personal Income: Development of a New Model and Its Application to U.S. Income Data," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 5(2), pages 189-96, April-Jun.
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Cited by:
  1. Miles, David K & Sefton, James, 2002. "Optimal Social Security Design," CEPR Discussion Papers 3290, C.E.P.R. Discussion Papers.
  2. Sebastian Barnes & Gregory Thwaites, 2005. "'Real-world' mortgages, consumption volatility and the low inflation environment," Bank of England working papers 273, Bank of England.

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