Wednesday, May 29, 2013
Chris Dillow has identified some data that shows the evolution of inequality across the income spectrum. It comes from the ONS and shows that there is a substantial increase in inequality between 1977 and 1993. After that clear peak, it becomes a little more messy. For the top decile relative to the lowest, the original income ratio fell to 25.69 from 30.53 between 2010-11 and 1993. However, disposable income (after tax and benefit adjustments) rose to 9.95 from 9.23. For the 6th decile (the middle) the same figures were 10.77 and 7.96 for original income and 3.25 and 3.86 for disposable income.