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Title:Trends in individual income growth: Measurement methods and British evidence PDF Logo
Authors:Jenkins, Stephen P.
Van Kerm, Philippe
Issue Date:2011
Series/Report no.:ISER Working Paper Series 2011-06
Abstract: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.
Subjects:individual income growth
pro-poor growth
progressive income growth
income mobility
mobility profile
British Household Panel Survey
JEL:D31
D63
I32
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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