Inequality

Inequality

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Cost-of-living indices and revealed preference

Report

This report considers sources of bias in cost-of-living and price indices, with particular reference to the UK's retail price index. The sources of bias discussed are caused by the introduction of new goods, quality change in existing goods and commodity substitution by consumers. New methods of quantifying these biases and correcting them are presented with empirical applications.

1 July 1999

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Valuing quality

Working Paper

This paper uses revealed preference restrictions and nonparametric statistical methods to bound a quality-constant price series for a good that

1 June 1999

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Humps and bumps in lifetime consumption

Journal article

In this article we argue that the life-cycle model that allows demographics to affect household preferences and relaxes the assumption of certainty equivalence can generate hump-shaped consumption profiles over age that are very similar to those observed in household-level data sources.

1 January 1999

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The distribution of income and wages in the UK and West Germany 1984-1992

Report

The first half of the report sheds some new light on the following questions with a detailed and consistent comparison of income distributions in Western Germany and the UK from 1984 to 1992. To what extent was the income distribution in Western Germany similar to the UK in 1984? Did the inequality of West German incomes rise to the same extent? What was the differing role of the labour market, the tax and benefit system and demographic change in each country? The second half of the report concentrates on whether and how education, training and wage setting systems together with other institutional factors in Western Germany can explain the differences relative to the more deregulated UK labour market.

1 July 1998

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Consumption inequality and income uncertainty

Journal article

This paper places the debate over using consumption or income in studies of inequality growth in a formal intertemporal setting. It highlights the importance of permanent and transitory income uncertainty in the evaluation of growth in consumption inequality.

1 May 1998

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The distributional effects of taxes on private motoring

Report

In this Commentary, the authors look at the likely effects that real year-by-year increases in road fuel duties will have on the use of cars by households and on their economic welfare, with particular attention to the distributional consequences.

1 December 1997

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Inequality in the UK

Book
Inequality in the UK describes the current distribution of income in the United Kingdom and analyses trends since the start of the 1960s. Drawing on detailed information on the incomes and socio-economic characteristics of more than 250,000 families surveyed over the last three decades, it provides the first comprehensive description of major changes in the UK income distribution over the period.

1 July 1997