Changing Fortunes
Income Mobility and Poverty Dynamics in Britain
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Product details:
- Publisher OUP Oxford
- Date of Publication 28 July 2011
- ISBN 9780199226436
- Binding Hardback
- No. of pages430 pages
- Size 241x162x31 mm
- Weight 772 g
- Language English
- Illustrations 55 Figures, 38 Tables 0
Categories
Short description:
This book documents the patterns of income mobility and poverty dynamics in Britain and how they have changed over the last two decades. It draws attention to the relationships between changes in income and in other aspects of people's lives - not only in their jobs, earnings, benefits and credits, but also in the households within which they live.
MoreLong description:
Most information about the incomes of people in Britain today, such as provided by official statistics, tells us how much inequality there is or how many poor people there are in a given year and compares those numbers with the corresponding statistics from the previous year. Missing from snapshot pictures like these is information about whether the people who were poor one year are the same people who are poor the following year; and the circumstances of those with middle-income or top-income origins are not tracked over time. This book fills in the missing information. The author likens Britain's income distribution to a multi-story apartment building with the numbers of residents on the different floors corresponding to the concentration of people at different income levels in any particular year. The poorest are in the basement, the richest are in the penthouse, and the majority somewhere in between. This book assesses how much movement there is between floors, the frequency of moves, whether the distance travelled has been changing over the last two decades, and whether basement dwellers ever reach the penthouse. Using the British Household Panel Survey, which has followed and interviewed the same people annually since 1991, it documents the patterns of income mobility and poverty dynamics in Britain, shows how they have changed over the last two decades, and explores the reasons why. It draws attention to the relationships between changes in income and changes in other aspects of people's lives - not only in their jobs, earnings, benefits, and credits, but also in the households within which they live (people marry and divorce; children are born). Trends over time are also related to changes in Britain's labour market and the reforms to the tax-benefit system introduced by the Labour government in the late-1990s.
If society is a metaphorical building and income levels determine which floor people get to live on, then who inhabits the basement, who lives in the penthouse, who lives in between, and how much movement up and down the elevators is there? Here, Stephen Jenkins offers perhaps the most authoritative answer to this question yet published
Table of Contents:
Introduction
Introduction: longitudinal perspectives on income distribution
Part I. Measurement and data
Income over time: measurement issues
Sources of longitudinal data on income: household panel surveys in context
The British Household Panel Survey and its income data
Part II. Income mobility
Income mobility and how it has changed over time
Transitory variation and volatility in income
Spaghetti unravelled: a model-based description of differences in income-age trajectories
Part III. Poverty dynamics
Poverty dynamics and how they have changed over time
Routes into and out of poverty and the role of trigger events
The length of time spent poor: estimates from hazard regression models
Modelling low income transitions: estimates from a Markov model
Envoi
Summary and conclusions
