Lifetime Earnings and Inequality

John Creedy

The Economic Record, 1991, vol. 67, issue 1, 46-58

Abstract: It is argued that for many purposes the measurement of inequality should be based on income measured over a longer period than a single year. However, samples of individual earnings over a long period are extremely rare, and there are no data on complete lifetime earnings. This survey examines the wide variety of attempts that have been made to estimate inequality using a longer accounting period Emphasis is placed on the problems of extending the accounting period, rather than the properties of particular statistical measures of inequality.

Date: 1991
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