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Title:Measuring living standards with income and consumption: Evidence from the UK PDF Logo
Authors:Brewer, Mike
O'Dea, Cormac
Issue Date:2012
Series/Report no.:ISER Working Paper Series 2012-05
Abstract:This paper compares consumption and income as measures of households' living standards using UK data. It presents evidence that income is likely to be under-recorded for households with low resources. It describes the different impressions one gets about trends in the level and inequality of living standards in the UK when using consumption, and when one adds an imputed income from housing, rather than near-cash income. It describes what different impressions one gets about the composition of households with low living standards if these are identified with consumption rather than income.
Subjects:consumption
measuring living standards
inequality
poverty
JEL:D31
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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