TRACKING INCOME: HOW WORKING FAMILIES’ INCOMES VARY THROUGH THE YEAR

[...]The aim of the project was to collectdetailed information on the incomesreceived week-by-week over acomplete year by a sample of families.• So far as we know, a study of thiskind had not been carried out before.In preparation for the main stage ofthe study, a pilot survey was started inNovember 2002. The main stage ofthe study, analysed in this report,started in April 2003.• In an initial interview in March 2003details of income and circumstanceswere collected. Each family nominateda main respondent, who was trainedin completing income diaries (eachcovering two weeks). The respondentswere then telephoned fortnightlythroughout the 2003-04 financial yearto collect details of income in each ofthe previous two weeks (generallyreferring to these income diaries,which were later returned to thesurvey organisation).[...]

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Year of publication:	2006-03-01
Authors:	Hills, John ; Smithies, Rachel ; McKnight, Abigail
Institutions:	London School of Economics and Political Science
Published in:	London School of Economics and Political Science - CASE Reports CASEreport 32
Subject:	Steuersystem \| Familie \| Famille \| Arbeitsmobilität \| job mobility \| Variabilität \| PRICE VARIABILITY \| Einkommen \| income

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Acknowledgements
Summary
1. Introduction
2. The study
2.1 The structure of the study
2.2 Main stage sample structure and attrition
2.3 Data checking and cleaning
3. The data obtained
3.1 Gaps and imputation
3.2 Examples of weekly income patterns
3.3 Four-weekly income analysis and monthly incomes
3.4 Total incomes across the year
4. The trajectories followed by total family
incomes over the year5. The extent of income variability within the year
5.1 The degree of variability in total income
5.2 Implications for cross-sectional income measurement
5.3 Implications for measuring income mobility
6. Income variability by component
6.1 Variability of income components for the
sample as a whole6.2 Variability of income components and
events during the year6.3 The effect of the new tax credit system
7. Comparisons with administrative records
7.1 Incomes reported to the study and to HMRC
7.2 Tax credit awards and reported receipts
7.3 Tax credit changes during the year
8. Respondents’ views of income variability
9. Conclusions
References

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