Income distribution and income dynamics in the United Kingdom

Pub. Date
20 March, 1997
Pub. Type

This paper examines why the distribution of income in the United Kingdom has become much less equal in recent years. A first step to understanding factors which may have led to this changed income distribution must be to produce a satisfactory descriptive model of income distribution itself. The authors propose a mode which simultaneously explains income transition and cross-sectional income distribution.

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