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Measuring income risk

Author

Listed:
  • Burgess, Simon
  • Gardiner, Karen
  • Jenkins, Stephen P.
  • Propper, Carol

Abstract

We provide a critique of the methods that have been used to derive measures of income risk and draw attention to the importance of demographic factors as a source of income risk. We also propose new measures of the contribution to total income risk of demographic and labour market factors. Empirical evidence supporting our arguments is provided using data from the British Household Survey.

Suggested Citation

  • Burgess, Simon & Gardiner, Karen & Jenkins, Stephen P. & Propper, Carol, 2000. "Measuring income risk," LSE Research Online Documents on Economics 6450, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:6450
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    References listed on IDEAS

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    16. Stevens, Ann Huff, 1994. "The Dynamics of Poverty Spells: Updating Bane and Ellwood," American Economic Review, American Economic Association, vol. 84(2), pages 34-37, May.
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    Citations

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    Cited by:

    1. Luc Arrondel & Hector Calvo Pardo & Xisco Oliver, 2010. "Temperance in Stock Market Participation: Evidence from France," Economica, London School of Economics and Political Science, vol. 77(306), pages 314-333, April.
    2. Xavi Ramos & Christian Schluter, 2003. "Subjective Income Expectations, Canonical Models and Income Risk," Working Papers wpdea0310, Department of Applied Economics at Universitat Autonoma of Barcelona.
    3. repec:pru:wpaper:17 is not listed on IDEAS
    4. James Banks & Richard Blundell & James Smith, 2000. "Wealth inequality in the United States and Great Britain," IFS Working Papers W00/20, Institute for Fiscal Studies.
    5. Morissette, Rene & Ostrovsky, Yuri, 2005. "The Instability of Family Earnings and Family Income in Canada, 1986 to 1991 and 1996 to 2001," Analytical Studies Branch Research Paper Series 2005265e, Statistics Canada, Analytical Studies Branch.
    6. Ramos, Xavier & Schluter, Christian, 2006. "Subjective Income Expectations and Income Risk," IZA Discussion Papers 1950, Institute of Labor Economics (IZA).
    7. James Banks & Richard Blundell & James P. Smith, 2003. "Understanding Differences in Household Financial Wealth between the United States and Great Britain," Journal of Human Resources, University of Wisconsin Press, vol. 38(2).
    8. Weikard Hans-Peter, 2004. "Poverty Measurement Under Income Risk / Armutsmessung bei Einkommensrisiken," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 224(3), pages 337-350, June.
    9. repec:pru:wpaper:10 is not listed on IDEAS
    10. Rigg, John A. & Sefton, Tom, 2004. "Income dynamics and the life cycle," LSE Research Online Documents on Economics 6310, London School of Economics and Political Science, LSE Library.
    11. Sonia Bhalotra, 2001. "Growth and welfare provisioning: lessons from the English Poor Laws?," Journal of International Development, John Wiley & Sons, Ltd., vol. 13(7), pages 1083-1096.
    12. Morissette, Rene & Ostrovsky, Yuri, 2005. "Summary Of: The Instability of Family Earnings and Family Income in Canada, 1986 to 1991 and 1996 to 2001," Analytical Studies Branch Research Paper Series 2005266e, Statistics Canada, Analytical Studies Branch.
    13. James Banks & Richard Blundell & James P. Smith, 2001. "Financial Wealth Inequality in the United States and Great Britain," Working Papers 01-01, RAND Corporation.
    14. Rohde, Nicholas & Tang, Kam Ki & D’Ambrosio, Conchita & Osberg, Lars & Rao, Prasada, 2020. "Welfare-based income insecurity in the us and germany: evidence from harmonized panel data," Journal of Economic Behavior & Organization, Elsevier, vol. 176(C), pages 226-243.
    15. John A. Rigg & Tom Sefton, 2004. "Income Dynamics and the Life Cycle," CASE Papers 081, Centre for Analysis of Social Exclusion, LSE.

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    More about this item

    Keywords

    Income risk; demographics; panel data;
    All these keywords.

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution

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