 Income volatility and insecurity in the U.S., Germany and BritainNicholas Rohde,
Kam Ki Tang and
D.S. Prasada Rao ()
No 434, Discussion Papers Series from University of Queensland, School of Economics Abstract: Income volatility is studied as a component of economic insecurity using recent data from the Cross National Equivalence File (CNEF). Techniques from the inequality literature are applied to longitudinal household incomes and we refer to the results as measurements of income insecurity. Using this method we examine (i) cross national differences in average insecurity levels, (ii) the effects of taxes and transfers on the insecurity of different income groups and (iii) the relationships between income insecurity and long-run household income. We find that for pre-government incomes Britain exhibits the highest levels of income insecurity, with the U.S. the lowest. However estimates of insecurity in post-government incomes are highest in the U.S. It is shown that insecurity in market incomes is primarily concentrated around low income families and that this pattern is strongest in Germany and weakest in the U.S. Insecurity in post-government incomes is for the most part found to be unrelated to household income. Date: 2011 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:qld:uq2004:434 Access Statistics for this paper More papers in Discussion Papers Series from University of Queensland, School of Economics Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.