The Personal Distribution of Income and Imputed Rent: A Cross-National Comparison for the UK, West Germany and the USA

Discussion Papers 271, 21 S.

Joachim R. Frick, Markus M. Grabka

2002. Jan.

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Published in: The Review of Income and Wealth 49 (2003), 4, 513-537

Abstract

This article deals with income advantages derived from owner occupied housing (Imputed Rent, IR) and their impact on the personal income distribution. Following a brief description of different methods with which to calculate IR in household surveys, we conduct a cross-national comparative study based on micro-data from the British Household Panel Study (BHPS), the German Socio- Economic Panel (SOEP), and the US Panel Study of Income Dynamics (PSID). We find distinct differences between the Anglo-Saxon countries and Germany in terms of prevalence and extent of IR as well as in terms of the impact on the overall income distribution. In all three countries, however, using IR in measures of old age provision improves the quality of economic well-being assessment for the elderly.

Markus M. Grabka

Direktorium SOEP und kommissarische Bereichsleitung Wissenstransfer in the German Socio-Economic Panel study Department



JEL-Classification: D31;I31;R21
Keywords: Personal Income Distribution, Owner Occupied Housing, Imputed Rent, Old Age Provision
Frei zugängliche Version: (econstor)
http://hdl.handle.net/10419/18255

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