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GDP per capita versus median household income: What gives rise to the divergence over time and how does this vary across OECD countries?

Abstract:

Divergence between the evolution of GDP per capita and the income of a “typical” household as measured in household surveys is giving rise to a range of serious concerns, especially in the USA. This paper investigates the extent of that divergence and the factors that contribute to it across 27 OECD countries, using data from OECD National Accounts and the Luxembourg Income Study. While GDP per capita has risen faster than median household income in most of these countries over the period the...

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Publication status:
Published
Peer review status:
Peer reviewed

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Publisher copy:
10.1111/roiw.12362

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More by this author
Institution:
University of Oxford
Division:
SSD
Department:
Social Policy & Intervention
Role:
Author
More by this author
Institution:
University of Oxford
Department:
Social Policy & Intervention
Role:
Author
More by this author
Institution:
University of Oxford
Department:
Social Policy & Intervention
Role:
Author
Publisher:
Wiley Publisher's website
Journal:
Review of Income and Wealth Journal website
Volume:
65
Issue:
3
Pages:
465-494
Publication date:
2018-05-17
Acceptance date:
2017-10-01
DOI:
EISSN:
1475-4991
ISSN:
0034-6586
Source identifiers:
811659
Language:
English
Keywords:
Pubs id:
pubs:811659
UUID:
uuid:b63555b4-bcac-4b94-b4a5-ee27202098b8
Local pid:
pubs:811659
Deposit date:
2017-12-18

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