Publication type
ISER Working Paper Series
Series Number
2012-05
Series
ISER Working Paper Series
Authors
Publication date
March 13, 2012
Abstract:
This paper compares consumption and income as measures of households’ living standards using UK data. It presents evidence that income is likely to be under-recorded for households with low resources. It describes the different impressions one gets about trends in the level and inequality of living standards in the UK when using consumption, and when one adds an imputed income from housing, rather than near-cash income. It describes what different impressions one gets about the composition of households with low living standards if these are identified with consumption rather than income.
Subjects
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