Discussion paper

DP2512 Measuring Income Risk

We provide a critique of the methods that have been used to derive measures of income risk and draw attention to the importance of demographic factors as a source of income risk. We also propose new measures of the contribution to total income risk of demographic and labour market factors. Empirical evidence supporting our arguments is provided using data from the British Household Survey.


Burgess, S, S Jenkins, C Propper and K Gardiner (2000), ‘DP2512 Measuring Income Risk‘, CEPR Discussion Paper No. 2512. CEPR Press, Paris & London. https://cepr.org/publications/dp2512