Trends in Real Income in Britain: A Microeconomic Analysis

Author(s):  
Stephen P. Jenkins

1997 ◽  
Vol 22 (4) ◽  
pp. 483-500 ◽  
Author(s):  
Stephen P. Jenkins


2003 ◽  
Author(s):  
Federico Sturzenegger ◽  
Ernesto Schargrodsky ◽  
Sebastian Galiani ◽  
Paul J. Gertler


Author(s):  
Roberto Felici ◽  
Elisabetta Manzoli ◽  
Raffaella Pico






This book addresses the central challenge facing rich countries: how to ensure that ordinary working families see their living standards and the prospects for their children improve rather than stagnate over time. It presents the findings from a comprehensive analysis of performance over recent decades across the rich countries of the OECD, in terms of real income growth around and below the middle. It relates this performance to overall economic growth, exploring why these often diverge substantially, and to the different models of capitalism or economic growth embedded in different countries. In-depth comparative and UK-focused analyses also focus on wages and the labour market and on the role of redistribution. Going beyond income, other indicators and aspects of living standards are also incorporated including non-monetary indicators of deprivation and financial strain, wealth and its distribution, and intergenerational mobility. By looking across this broad canvas, the book teases out how ordinary households have fared in recent decades in these critically important respects, and how that should inform the quest for inclusive growth and prosperity.



Author(s):  
Wiemer Salverda ◽  
Stefan Thewissen

This chapter sets out how inequality and real incomes across the distribution evolved in the Netherlands from the late 1970s through the economic Crisis. Inequality grew, though not dramatically, while wages showed remarkably little real increase. This meant that real income increases for households relied for the most part on the growth in female labour-force participation and in dual-income couples. The chapter highlights the major changes in population and household structures that underpinned the observed changes in household incomes at different points in the distribution. It also sets out key features of the institutional structures in the labour market and broader welfare state, and the centrality of the priority given to wage moderation and the maintenance of competitiveness in the growth model adopted throughout the period.



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