Assessing individual income growth

Stephen Jenkins and Philippe Van Kerm

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: We develop methods for describing distributions of income growth across individuals and for comparing changes in growth distributions over time. The methods include graphical devices (‘income growth profiles’) and dominance conditions, and also summary indices, together with associated methods of estimation and inference. Taking an explicitly longitudinal perspective, our approach illuminates clearly who are the gainers and the losers, and also provides distributionally-sensitive assessments – ones that allow the income growth for different individuals to be weighted differently. Our empirical application shows that the pattern of income growth in Britain over the period 1992–1996 was less pro-poor than that for 1998–2002 and not significantly different from the pattern for 2001–2005.

Keywords: individual income growth; pro-poor growth; progressive income growth; income mobility; income growth profile (search for similar items in EconPapers)
JEL-codes: D31 D63 I32 (search for similar items in EconPapers)
Date: 2016-10-01
New Economics Papers: this item is included in nep-ltv
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Citations: View citations in EconPapers (30)

Published in Economica, 1, October, 2016, 83(332), pp. 679-703. ISSN: 0013-0427

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Related works:
Journal Article: Assessing Individual Income Growth (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:66995

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