Arbeitspapier

Trends in individual income growth: Measurement methods and British evidence

Assessments of whose income growth is the greatest and whose is the smallest are typically based on comparisons of income changes for income groups (e.g. rich versus poor) or income values (e.g. quantiles). However, income group and quantile composition changes over time because of income mobility. To summarize patterns of income growth while also tracking the fortunes of the same individuals, a longitudinal perspective is required. For this case, we develop dominance conditions and summary indices for comparisons of distributions of individual income growth, together with associated methods of estimation and inference. Using these methods and data from the British Household Panel Survey, we study individual income growth for periods between 1991 and 2005. We show that income growth was significantly more pro-poor in the early years of the Labour government than in earlier Conservative years.

Language
Englisch

Bibliographic citation
Series: IZA Discussion Papers ; No. 5510

Classification
Wirtschaft
Personal Income, Wealth, and Their Distributions
Equity, Justice, Inequality, and Other Normative Criteria and Measurement
Measurement and Analysis of Poverty
Subject
individual income growth
pro-poor growth
progressive income growth
income mobility
mobility profile
British Household Panel Survey
Einkommensverteilung
Soziale Mobilität
Armut
Schätzung
Großbritannien

Event
Geistige Schöpfung
(who)
Jenkins, Stephen P.
Van Kerm, Philippe
Event
Veröffentlichung
(who)
Institute for the Study of Labor (IZA)
(where)
Bonn
(when)
2011

Handle
URN
urn:nbn:de:101:1-201104113833
Last update
12.07.2024, 1:20 PM CEST

Object type

  • Arbeitspapier

Associated

  • Jenkins, Stephen P.
  • Van Kerm, Philippe
  • Institute for the Study of Labor (IZA)

Time of origin

  • 2011

Other Objects (12)