Understanding Society Working Paper Series 2019-08
Understanding Society and its income data
18 Jul 2019
The first aim of this paper is to describe information about Understanding Society - the UK Household Longitudinal Study (UKHLS) - that is relevant for research using its income data. UKHLS contains a wide range of income variables (individual level income variables, household level income variables, and household level deductions) and this paper documents the details of all of them. The second aim is to establish the quality of the UKHLS net household income data, relative to a cross-sectional benchmark. We find that estimates from the UKHLS line-up closely to those from the data source for UK official income statistics (Households Below Average Income).