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This report examines changes in the distribution of household incomes in the UK, and the determinants and consequences of recent trends. This includes analysing not only changes in average living standards, but also inequality in household incomes and measures of income poverty and deprivation....
Persistent link: https://www.econbiz.de/10012050980
The "affordability" of housing is one of the most prominent domestic public policy issues of the day, and for good reason. The housing that people are in is an important determinant of their well-being, and it is something on which people - especially those on lower incomes - typically spend a...
Persistent link: https://www.econbiz.de/10012050983
It is now around a decade since the financial crisis that triggered the Great Recession of 2008-09. In many respects, the impacts of this recession on the living standards of UK households have been unusually severe. Median household income is now around 15% below its long-run trend, having...
Persistent link: https://www.econbiz.de/10012050988
Persistent link: https://www.econbiz.de/10012050989
In April 2013, council tax benefit (CTB), which provided help for low-income households with their council tax, was abolished. In its place, local authorities (LAs) in England were charged with designing their own council tax support (CTS) schemes for those of working age - though they were...
Persistent link: https://www.econbiz.de/10012051001
Persistent link: https://www.econbiz.de/10011757296
The focus of this report is the distribution of household income in the UK. We assess the changes to average incomes, income inequality and poverty that occurred in the latest year of data (2014-15), and put these in historical context using comparable data spanning the last 50 years. The...
Persistent link: https://www.econbiz.de/10011757300
Persistent link: https://www.econbiz.de/10011757307
What explains the variation in how income changes as people age? Using household panel data, we investigate the contribution of different time-varying factors in explaining variation in income changes over prime working-age life (between 35-44 and 50-59). We find that demographic changes, such...
Persistent link: https://www.econbiz.de/10011786814
We study earnings and income inequality in Britain over the past two decades, including the period of relatively "inclusive" growth from 1997-2004 and the Great Recession. We focus on the middle 90%, where trends have contrasted strongly with the "new inequality" at the very top. Household...
Persistent link: https://www.econbiz.de/10011786839