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This paper scrutinizes the conventional wisdom about trends in UK income inequality and also places contemporary inequality in a much longer historical perspective. We combine household survey and income tax data to provide better coverage of all income ranges from the bottom to the very top. We...
Persistent link: https://www.econbiz.de/10012908886
Estimates of UK income inequality trends differ substantially according to whether estimates are based on household survey data (used for official statistics) or tax return data (used in the top incomes literature). We reconcile differences in variable definitions and combine survey and tax...
Persistent link: https://www.econbiz.de/10012999018
distribution. We combine the benefits of the two data sources and develop an integrated approach for top-corrected Gini …
Persistent link: https://www.econbiz.de/10012962265
since the mid-1990s are robust to the way in which tax data are employed. The Gini coefficient for gross individual income …
Persistent link: https://www.econbiz.de/10012985277
Survey under-coverage of top incomes leads to bias in survey-based estimates of overall income inequality. Using income tax record data in combination with survey data is a potential approach to address the problem; we consider here the UK's pioneering 'SPI adjustment' method that implements...
Persistent link: https://www.econbiz.de/10012952592
The share of women in the top 1% of the UK's income distribution has been growing over the last two decades (as in several other countries). Our first contribution is to account for this secular change using regressions of the probability of being in the top 1%, fitted separately for men and...
Persistent link: https://www.econbiz.de/10012831216
To measure income inequality with right censored (topcoded) data, we propose multiple imputation for censored observations using draws from Generalized Beta of the Second Kind distributions to provide partially synthetic datasets analyzed using complete data methods. Estimation and inference...
Persistent link: https://www.econbiz.de/10012764667
This paper quantifies the economic well-being of different age groups and the extent of their reliance on incomes from public and private sources. The aim is to establish how social benefits, and the taxes needed to finance them, affect income levels and disparities across different age groups....
Persistent link: https://www.econbiz.de/10013317552
I focus on one of the most-commonly-cited 'facts'; about UK income inequality – that it has changed little over the last 30 years – and reflect on how robust that description is. I look at a number of fundamental issues in inequality measurement related to inequality concepts (e.g.,...
Persistent link: https://www.econbiz.de/10014083929
UK official statistics on income distribution have incorporated top-income adjustments to household survey data since 1992. This article reviews the work undertaken by the Department for Work and Pensions and the Office for National Statistics, and the academic research that influenced them, and...
Persistent link: https://www.econbiz.de/10014083963