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Income distribution and income dynamics in the United Kingdom

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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.

Suggested Citation

  • Dr Martin Weale, 1997. "Income distribution and income dynamics in the United Kingdom," National Institute of Economic and Social Research (NIESR) Discussion Papers 116, National Institute of Economic and Social Research.
  • Handle: RePEc:nsr:niesrd:221
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    1. 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 189-196, April-Jun.
    2. 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.
    3. McDonald, James B & Mantrala, Anand, 1995. "The Distribution of Personal Income: Revisited," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 10(2), pages 201-204, April-Jun.
    4. Abowd, John M & Card, David, 1989. "On the Covariance Structure of Earnings and Hours Changes," Econometrica, Econometric Society, vol. 57(2), pages 411-445, March.
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    1. Public schools & charities: a paradox?
      by chris dillow in Stumbling and Mumbling on 2009-07-20 19:15:20

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    Cited by:

    1. Tan Kuan Lu, Clifford, 2013. "Do university rankings matter for growth?," MPRA Paper 52705, University Library of Munich, Germany.
    2. Dr Richard Dorsett & Dr Silvia Lui & Dr Martin Weale, 2010. "Economic Benefits of Lifelong Learning," National Institute of Economic and Social Research (NIESR) Discussion Papers 352, National Institute of Economic and Social Research.
    3. Mok, Penny & Mason, Geoff & Stevens, Philip & Timmins, Jason, 2012. "A Good Worker is Hard to Find: Skills Shortages in New Zealand Firms," Occasional Papers 12/5, Ministry of Economic Development, New Zealand.
    4. Otto Toivanen & Lotta Väänänen, 2016. "Education and Invention," The Review of Economics and Statistics, MIT Press, vol. 98(2), pages 382-396, May.
    5. Sebastian Barnes & Gregory Thwaites, 2005. "'Real-world' mortgages, consumption volatility and the low inflation environment," Bank of England working papers 273, Bank of England.
    6. Richard Dorsett & Silvia Lui & Martin Weale, 2016. "The effect of lifelong learning on men’s wages," Empirical Economics, Springer, pages 737-762.
    7. Milenko Popovic, 2006. "Capital Augmenting And Labor Augmenting Approach In Measuring Contribution Of Human Capital And Education To Economic Growth," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 2(4), pages 71-108.
    8. Tan Kuan Lu, Clifford, 2014. "University Rankings Game and its relation to GDP per capita and GDP growth," MPRA Paper 53933, University Library of Munich, Germany.
    9. Donata Favaro & Eniel Ninka & Margherita Turvani, 2011. "Human capital, technology intensity and growth in a regional context," ERSA conference papers ersa10p687, European Regional Science Association.
    10. Milenko Popovic, 2007. "Rising Wage Inequality, Rate Of Return On Investment In Education, And Cost Of Education," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 3(5), pages 35-58.
    11. Miles, David K & Sefton, James, 2002. "Optimal Social Security Design," CEPR Discussion Papers 3290, C.E.P.R. Discussion Papers.
    12. Laurent, Piet & Legrand D.F. Saint-Cyr, 2016. "Projection de la population des exploitations agricoles françaises à l’horizon 2025," Working Papers SMART - LERECO 16-11, INRA UMR SMART-LERECO.
    13. Loredana-Ioana Pribac, 2011. "Education – A Factor In The Eu Economic Growth," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 171-176, December.
    14. Simeonova-Ganeva, Ralitsa, 2006. "Влияние На Човешкия Капитал Върху Икономическия Растеж (България, 1949-2005 Г.)
      [The Impact of Human Capital on the Economic Growth (Bulgaria, 1949-2005)]
      ," MPRA Paper 37244, University Library of Munich, Germany.
    15. Tan, Clifford, 2013. "The contribution of university rankings to country's GDP per capita," MPRA Paper 53900, University Library of Munich, Germany.
    16. Nil Demet GUNGOR, 2010. "Education, Human Capital Inequality And Economic Growth: Evidence From Turkey," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 10(2).
    17. Gustavo De Santis & Giambattista Salinari, 2008. "On the Evolution of Household Income," LIS Working papers 488, LIS Cross-National Data Center in Luxembourg.
    18. Saint-Cyr, Legrand D. F., 2016. "Accounting for farm heterogeneity in the assessment of agricultural policy impacts on structural change," 2016 Annual Meeting, July 31-August 2, 2016, Boston, Massachusetts 235778, Agricultural and Applied Economics Association.

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