IDEAS home Printed from https://ideas.repec.org/p/ehl/lserod/121513.html
   My bibliography  Save this paper

Living on different incomes in London: can public consensus identify a 'riches line'?

Author

Listed:
  • Davis, Abigail
  • Hecht, Katharina Maria
  • Burchardt, Tania
  • Gough, Ian Roger
  • Hirsch, Donald
  • Rowlingson, Karen
  • Summers, Katherine Elizabeth

Abstract

London is home to vast and visible economic inequality, where the richest 10 per cent own 61 per cent of overall wealth, while at the same time four in ten Londoners do not earn enough for what is considered by the public to be a decent standard of living. This study sought to explore opinions about what constituted a standard of living that could be considered ‘fully flourishing’, and, by extension, if there was a point beyond that at which individual or household resources could be identified as being excessive. The findings provide thought-provoking insights into how people think about the protection wealth and higher incomes offer, and the judgements they make about the ‘deservingness’ of different sources of wealth and the uses to which it is put.

Suggested Citation

  • Davis, Abigail & Hecht, Katharina Maria & Burchardt, Tania & Gough, Ian Roger & Hirsch, Donald & Rowlingson, Karen & Summers, Katherine Elizabeth, 2020. "Living on different incomes in London: can public consensus identify a 'riches line'?," LSE Research Online Documents on Economics 121513, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:121513
    as

    Download full text from publisher

    File URL: http://eprints.lse.ac.uk/121513/
    File Function: Open access version.
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Marcelo Medeiros, 2006. "The Rich and the Poor: The Construction of an Affluence Line from the Poverty Line," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 78(1), pages 1-18, August.
    2. Abigail McKnight, 2019. "Understanding the relationship between poverty, inequality and growth: a review of existing evidence," CASE Papers /216, Centre for Analysis of Social Exclusion, LSE.
    3. Ingrid Robeyns, 2019. "What, if Anything, is Wrong with Extreme Wealth?," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 20(3), pages 251-266, July.
    4. Hills, John & Mcknight, Abigail & Bucelli, Irene & Karagiannaki, Eleni & Vizard, Polly & Yang, Lin & Duque, Magali & Rucci, Mark, 2019. "Understanding the relationship between poverty and inequality: overview report," LSE Research Online Documents on Economics 100396, London School of Economics and Political Science, LSE Library.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Tania Burchardt & Abigail Davis & Ian Gough & Katharina Hecht & Donald Hirsch & Karen Rowlingson & Kate Summers, 2020. "Living on Different Incomes in London: Can public consensus identify a 'riches line'?," CASE Reports casereport127, Centre for Analysis of Social Exclusion, LSE.
    2. Magali Duque & Abigail McKnight, 2019. "Understanding the relationship between inequalities and poverty: a review of dynamic mechanisms," CASE Papers /217, Centre for Analysis of Social Exclusion, LSE.
    3. Shah Imtiyaz Ahmad & Haq Imtiyaz ul, 2022. "The Impact of Tourism Development and Economic Growth on Poverty Reduction in Kazakhstan," Acta Universitatis Sapientiae, Economics and Business, Sciendo, vol. 10(1), pages 77-90, September.
    4. Mcknight, Abigail, 2019. "Understanding the relationship between poverty, inequality and growth: a review of existing evidence," LSE Research Online Documents on Economics 103458, London School of Economics and Political Science, LSE Library.
    5. Ingrid Robeyns & Vincent Buskens & Arnout Rijt & Nina Vergeldt & Tanja Lippe, 2021. "How Rich is Too Rich? Measuring the Riches Line," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 154(1), pages 115-143, February.
    6. Duque, Magali & Mcknight, Abigail, 2019. "Understanding the relationship between inequalities and poverty: a review of dynamic mechanisms," LSE Research Online Documents on Economics 103457, London School of Economics and Political Science, LSE Library.
    7. Agni Kalfagianni & Simon Meisch, 2020. "Epistemological and ethical understandings of access and allocation in Earth System Governance: a 10-year review of the literature," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 20(2), pages 203-221, June.
    8. Arup Bose & Satya Chakravarty & Conchita D’Ambrosio, 2014. "Richness orderings," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 12(1), pages 5-22, March.
    9. Hecht, Katharina & Savage, Mike & Summers, Kate, 2022. "Why isn’t there more support for progressive taxation of wealth? A sociological contribution to the wider debate," LSE Research Online Documents on Economics 120793, London School of Economics and Political Science, LSE Library.
    10. Jan Vandemoortele, 2021. "The open‐and‐shut case against inequality," Development Policy Review, Overseas Development Institute, vol. 39(1), pages 135-151, January.
    11. Turčínková, Jana & Stávková, Jana, 2011. "Assessment of the income situation of households in the Czech Republic," MPRA Paper 33508, University Library of Munich, Germany.
    12. Chameni Nembua, Célestin & Biloa Essimi, Jean Aristide, 2013. "Who is Rich in Cameroun? [Who is Rich in Cameroon?]," MPRA Paper 48024, University Library of Munich, Germany.
    13. Andreas Peichl & Thilo Schaefer & Christoph Scheicher, 2010. "Measuring Richness And Poverty: A Micro Data Application To Europe And Germany," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 56(3), pages 597-619, September.
    14. Michal Brzezinski, 2014. "Statistical inference for richness measures," Applied Economics, Taylor & Francis Journals, vol. 46(14), pages 1599-1608, May.
    15. Eva Kovarova & Tomas Vana, 2023. "Reduction of Poverty and Material Deprivation in the EU Countries: What Matters the Most?," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 3-23.
    16. Andy Sumner, 2012. "The Buoyant Billions: How “Middle Class†Are the New Middle Classes in Developing Countries? (And Why Does It Matter?)," Working Papers id:5169, eSocialSciences.
    17. Nuno Crespo & Sandrina B. Moreira & Nadia Simoes, 2015. "Integrated Approach for the Measurement of Inequality, Poverty, and Richness," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 62(5), pages 531-555.
    18. Guido Alfani, 2017. "The rich in historical perspective: evidence for preindustrial Europe (ca. 1300–1800)," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 11(3), pages 321-348, September.
    19. Rodica Pisica, 2022. "Effects of Income Inequality on Economic Growth: The Case of the Republic of Moldova," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 407-416, September.
    20. Guillermo Cruces & Luis Felipe López Calva & Diego Battistón, 2011. "Down and Out or Up and In? Polarization-Based Measures of the Middle Class for Latin America," CEDLAS, Working Papers 0113, CEDLAS, Universidad Nacional de La Plata.

    More about this item

    Keywords

    income; wealth; rich; inequality; poverty;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • D10 - Microeconomics - - Household Behavior - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ehl:lserod:121513. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: LSERO Manager (email available below). General contact details of provider: https://edirc.repec.org/data/lsepsuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.