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February 2013 (Economic Review)
Article
Income inequality in the UK
Type: External publications
Authors: Jonathan Cribb
Keywords: Income; inequality

Economists are interested in inequalities in health, consumption, housing and educational performance, to name just a few, but it is inequalities in income that perhaps get the most attention. In the UK, the median full time salary in 2010-11 was £26,200 per year, but someone working full time for the minimum wage would only earn around £11,000, while the top 10% earned over £52,600. Given the intense interest in income inequality, what can economists say about this phenomenon?

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