Oxford Review of Economic Policy articles from March 1996

Oxford Review of Economic Policy archives from March 1996

The assessment: inequality.(growing inequality in UK)
March 22, 1996... I. INTRODUCTION The study of the distribution of resources has been important in the history of economics. Back in the 19th century the great political economists - Smith, Ricardo, Marx - were interested in the distribution of resources...

Income distribution in Europe and the United States.
March 22, 1996... I. INTRODUCTION This paper assembles, and presents in a straightforward way, empirical evidence about the personal distribution of income in Europe and makes a comparison with the United States (US). It seeks to answer the following...

Recent trends in the UK income distribution: what happened and why?
March 22, 1996... I. INTRODUCTION The marked increase in UK income inequality during the 1980s is contrary to the long-term trend towards equalization described, for example, by Phelps Brown (1988, p. 318): As we look back over the whole span of nearly...

Wage inequality in the UK.
March 22, 1996... I. INTRODUCTION The rewards from work, and their dispersion, have traditionally varied across firms, industries, and countries according to a range of factors including individual workers' characteristics and the nature of the job that they...

A widening gulf among Britain's mothers.(economic status of UK women)
March 22, 1996... I. INTRODUCTION The economic activity rate of British women has roughly doubled in the post-war period, and that of mothers more so. Women have increasingly been combining the roles of mother and paid worker. By 1992, 73 per cent of married...

Anatomy of the US income distribution: two decades of change.
March 22, 1996... 1. INTRODUCTION Forty years ago, Simon Kuznets, in his presidential address to the American Economics Association, outlined his hypothesis that the process of economic development would first be accompanied by rising disparities in economic...

The equalizing of wealth in Britain since the second world war.
March 22, 1996... 1. HISTORICAL TRENDS AND APPROACHES The period since the Second World War has seen a major social revolution in the distribution of personal wealth. This dramatic transformation is all the more striking because it follows many centuries...

Factor shares and inequality in the UK.
March 22, 1996... I. INTRODUCTION The division of national income between the owners of the factors of production - labour, capital, land - is one of the oldest topics in economics. It is also a topic of continuing importance. For example, while returns to...

Intergenerational mobility among the rich and poor: results from the national child development survey.
March 22, 1996... I. INTRODUCTION Does inequality in the distribution of income matter? Some have argued that a large degree of inequality, howsoever it comes about, is a cause for social, or indeed ethical, concern. Others would argue that it is the routes...