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New Inequalities: The Changing Distribution of Income and Wealth in the United Kingdom

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Overview

Since the late 1970s, the gap between the rich and poor in Britain has widened considerably. It is now recognised that the growth of inequality in the United Kingdom has been faster than that of any comparable industrial country. This is obviously an important issue, and one which after a long period of neglect is attracting increasing attention. Economists and others concerned with social problems linked with rising inequality are making efforts to understand the factors which have contributed to the current situation. Based on the results of the first major research programme in this area since the Royal Commission of the 1970s, this book examines income and wealth distribution in the United Kingdom over the last two decades. The country's leading specialists in the area tackle the problem from a wide variety of perspectives. Contributions include: the analysis of income distribution; the effects of greater female participation in the labour force; social security reform; and geographical variation at the national and local scale. Understanding the complexity of these, and other, factors is crucial to designing policies which can begin to cope with income inequalities.
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Product Details

  • ISBN-13: 9780521556989
  • Publisher: Cambridge University Press
  • Publication date: 9/28/2007
  • Pages: 424
  • Product dimensions: 5.98 (w) x 8.98 (h) x 0.94 (d)

Table of Contents

List of figures
List of tables
List of contributors
Acknowledgements
1 Introduction: after the turning point 1
2 Seeking to explain the distribution of income 19
3 The Changing shape of the UK income distribution: kernel density estimates 49
4 UK household cost-of-living indices, 1979-92 76
5 Cost-of-living differences between the regions of the United Kingdom 103
6 What has happened to the wages of men since 1966? 135
7 Women's pay and family incomes in Britain, 1979-91 158
8 More work in fewer households? 181
9 Self-employment and the distribution of income 208
10 Fairer or Fowler? The effects of the 1986 Social Security Act on family incomes 236
11 Aspects of the changing geography of poverty and wealth 265
12 Two nations? Changing patterns of income and wealth in two contrasting areas 292
13 Patterns of financial wealth-holding in the United Kingdom 321
14 Home-ownership, housing wealth and wealth distribution in Britain 348
Bibliography 374
Index 389
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