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Inequality and living standards in Great Britain: some facts

Goodman, A.; Shephard, A.; (2002) Inequality and living standards in Great Britain: some facts. (IFS Briefing Notes BN19 ). Institute for Fiscal Studies: London, UK. Green open access

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Abstract

This Briefing Note is designed to provide some basic facts concerning living standards and inequality in Great Britain. Wherever possible, up-to-date sources have been given for further reading. Accompanying this Briefing Note is a spreadsheet of useful statistics relating to the income distribution in Britain. This can be downloaded from the IFS web site at http://www.ifs.org.uk/bns/bn19figs.zip. Both were last updated on 9 March 2004. Section I of this Briefing Note starts by setting out some of the issues and conceptual difficulties surrounding the measuring of living standards and inequality. A picture of the income distribution in Great Britain and many of the important trends in living standards is then presented in the sections that follow. In Sections II and III, we choose weekly before-housing-costs household equivalent income1 as our measure of living standards, as well as presenting some results on an after-housing-costs basis. Section IV then considers using weekly equivalent household expenditure (including housing costs) as a comparative measure of living standards. Section V cites research tracking the income of individuals across a number of years, while Section VI looks at work that attempts to assess how income status changes across generations. Sections VII, VIII and IX proceed by examining some of the factors responsible for the changes in inequality described, looking at the labour market, demographic changes and the impact of taxes and benefits. Section X concludes.

Type: Report
Title: Inequality and living standards in Great Britain: some facts
Open access status: An open access version is available from UCL Discovery
Publisher version: http://www.ifs.org.uk/publications/1768
Language: English
UCL classification: UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics
URI: https://discovery.ucl.ac.uk/id/eprint/14977
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