Toward a uniform definition of household income

Citation
Tm. Smeeding et Dh. Weinberg, Toward a uniform definition of household income, REV INCOME, (1), 2001, pp. 1-24
Citations number
22
Categorie Soggetti
Economics
Journal title
REVIEW OF INCOME AND WEALTH
ISSN journal
00346586 → ACNP
Issue
1
Year of publication
2001
Pages
1 - 24
Database
ISI
SICI code
0034-6586(200103):1<1:TAUDOH>2.0.ZU;2-0
Abstract
By marrying a "top-down" national income-based approach with a "bottom-up" microdata approach, and a national income accounting perspective with a the oretical perspective, this article attempts to provide a unified framework for aggregating income types to create an income definition that enables re searchers to make valid comparisons across nations. An examination of sever al national household income surveys shows that it is next to impossible to quantify all elements of any new definition in a way that makes internatio nal comparisons easy. The framework nonetheless illuminates the differences in current practice and allows researchers to assess the effect of those d ifferences on income distribution measures.