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Toward a Uniform Definition of Household Income

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  • Smeeding, Timothy M
  • Weinberg, Daniel H

Abstract

By marrying a "top-down" national income-based approach with a "bottom-up" microdata approach, and a national income accounting perspective with a theoretical perspective, this article attempts to provide a unified framework for aggregating income types to create an income definition that enables researchers to make valid comparisons across nations. An examination of several national household income surveys shows that it is next to impossible to quantify all elements of any new definition in a way that makes international comparisons easy. The framework nonetheless illuminates the differences in current practice and allows researchers to assess the effect of those differences on income distribution measures. Copyright 2001 by The International Association for Research in Income and Wealth.

Suggested Citation

  • Smeeding, Timothy M & Weinberg, Daniel H, 2001. "Toward a Uniform Definition of Household Income," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 47(1), pages 1-24, March.
  • Handle: RePEc:bla:revinw:v:47:y:2001:i:1:p:1-24
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    Cited by:

    1. Ajit Zacharias, 2002. "A Note on the Hicksian Concept of Income," Economics Working Paper Archive wp_342, Levy Economics Institute.
    2. Edward N. Wolff & Ajit Zacharias & Asena Caner, 2003. "Household Wealth, Public Consumption and Economic Well-Being in the United States," Economics Working Paper Archive wp_386, Levy Economics Institute.
    3. Anna Fräßdorf & Markus M. Grabka & Johannes Schwarze, 2008. "The impact of household capital income on income inequality: A factor decomposition analysis for Great Britain, Germany and the USA," Working Papers 89, ECINEQ, Society for the Study of Economic Inequality.
    4. Timothy Smeeding & Jonathan Latner, 2015. "PovcalNet, WDI and ‘All the Ginis’: a critical review," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, pages 603-628.
    5. Martin Ravallion, 2003. "Measuring Aggregate Welfare in Developing Countries: How Well Do National Accounts and Surveys Agree?," The Review of Economics and Statistics, MIT Press, pages 645-652.
    6. Frick, Joachim R. & Grabka, Markus M. & Groh-Samberg, Olaf, 2012. "Dealing With Incomplete Household Panel Data in Inequality Research," EconStor Open Access Articles, ZBW - German National Library of Economics, pages 89-123.
    7. Edward N. Wolff & Ajit Zacharias & Asena Caner, 2005. "Household wealth, public consumption and economic well-being in the United States," Cambridge Journal of Economics, Oxford University Press, vol. 29(6), pages 1073-1090, November.
    8. Joachim Frick & Markus Grabka & Olaf Groh-Samberg, 2012. "The impact of home production on economic inequality in Germany," Empirical Economics, Springer, pages 1143-1169.
    9. Frick, Joachim R. & Grabka, Markus M. & Groh-Samberg, Olaf, 2012. "The Impact of Home Production on Economic Inequality in Germany," EconStor Open Access Articles, ZBW - German National Library of Economics, pages 1143-1169.
    10. Frick, Joachim R. & Grabka, Markus M. & Smeeding, Timothy M. & Tsakloglou, Panos, 2010. "Distributional Effects of Imputed Rents in Five European Countries," EconStor Open Access Articles, ZBW - German National Library of Economics, pages 167-179.
    11. Borooah, Vani K. & Gustafsson, Bjorn & Li, Shi, 2006. "China and India: Income inequality and poverty north and south of the Himalayas," Journal of Asian Economics, Elsevier, pages 797-817.
    12. Hiroshi Sato & Terry Sicular & Ximing Yue, 2011. "Housing Ownership, Incomes, and Inequality in China, 2002-2007," University of Western Ontario, Centre for Human Capital and Productivity (CHCP) Working Papers 201112, University of Western Ontario, Centre for Human Capital and Productivity (CHCP).
    13. Martin Ravallion, 2003. "Measuring Aggregate Welfare in Developing Countries: How Well Do National Accounts and Surveys Agree?," The Review of Economics and Statistics, MIT Press, pages 645-652.

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