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IFS Working Papers
March 2012
Article
Measuring living standards with income and consumption: Evidence from the UK
Type: IFS Working Papers
New version: W12/12 [Details]

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This paper compares consumption and income as measures of households' living standards using UK data. It presents evidence that income is likely to be under-recorded for households with low resources. It describes the different impressions one gets about trens in the level and inequality of living standards in the UK when using consumption, and when one adds an imputed income from housing, rather than near-cash income.

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