Measuring Income Risk

We provide a critique of the methods that have been used to derive measures ofincome risk and draw attention to the importance of demographic factors as asource of income risk. We also propose new measures of the contribution tototal income risk of demographic and labour market factors. Empirical evidencesupporting our arguments is provided using data from the British HouseholdSurvey.[...]

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Year of publication:	2000-06-01
Authors:	Burgess, Simon M. ; Gardiner, Karen ; Jenkins, Stephen P. ; Propper, Carol
Institutions:	London School of Economics and Political Science
Subject:	Arbeitsmarkt \| Labour Market \| Demographie \| Messung \| Measurement \| Einkommen \| income

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1. Introduction and Non-technical Summary
2. Conceptual Framework
2.1 Defining Income Risk
2.2 Time-varying conditioning variables
2.3 Unobservable characteristics and longitudinal data
2.4 The sources of income risk
2.5 Individual income and household income
2.6 Dynamic specification issues
2.7 Previous literature on income risk
2.8 Summary
3. Data and Definitions
4. Results
4.1 The impact of choice of conditioning variables
4.2 The contribution of demographic and labour market factors to totalincome risk
5. Conclusions
References

Persistent link: https://www.econbiz.de/10008733210