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Title:Why did Britain's households get richer? Decomposing UK household income growth between 1968 and 2008-09 PDF Logo
Authors:Brewer, Mike
Wren-Lewis, Liam
Issue Date:2012
Series/Report no.:ISER Working Paper Series 2012-08
Abstract:Average real UK household income has almost doubled over the past forty years. With four decades of micro-data on household incomes, and relatively simple decomposition methods, we document the contribution to this growth in the mean net household income of working-age households from different income sources, and break down further changes in employment income by household member and into separate participation, hours and hourly wage effects. We also perform such analyses for the mean income of the richest working-age households, and among a group defined by having a low household income but a strong connection to the labour market.
Subjects:income distribution
employment
wages
JEL:D31
E24
Document Type:Working Paper
Appears in Collections:ISER Working Paper Series, Institute for Social and Economic Research (ISER), University of Essex

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