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Sisi Zhang
''Recent Trends in Household Income Dynamics for the United States, Germany and Great Britain''
( 2010, Vol. 30 No.2 )
This paper examines the recent trends in household income volatility in the United States, Germany and Great Britain, and compares household income volatility with individual income volatility. I estimate a formal error components model using the Cross-national Equivalence File from 1979 to 2004. I find that household income volatility, measured by the transitory variance of household income, accounts for more than half of the total income variance for all three countries. Despite the differences in the total household income variances among the three countries, the permanent variances converges since the late 1990s.
Keywords: Household Income, Income Volatility, Permanent Inequality, Cross-National Comparison
JEL: D3 - Distribution: General
D6 - Welfare Economics: General
Manuscript Received : Feb 27 2010 Manuscript Accepted : May 03 2010

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