Regional Prices and Real Incomes in the UK

Hearne, David (2020) Regional Prices and Real Incomes in the UK. Regional Studies. ISSN 0034-3404

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Abstract

Official figures on regional incomes in the UK are compiled on a nominal basis. This article develops a contemporary measure of relative regional prices in the UK, which suggests that the impact on relative regional living standards is substantial. Inter-regional differences in real incomes are therefore considerably smaller than nominal ones. It is hoped that this work will stimulate further research. Insofar as prices are systematically higher in wealthier regions, there are important policy ramifications and public policy focussed on regional assistance and redistribution should take account of these.

Item Type: Article
Identification Number: https://doi.org/10.1080/00343404.2020.1836340
Date: 26 November 2020
Uncontrolled Keywords: regional disparities, prices, UK, spatial inequalities, wages
Subjects: L300 Sociology
Divisions: Faculty of Business, Law and Social Sciences > School of Social Sciences > Dept. Criminology and Sociology
REF UoA Output Collections > REF2021 UoA21: Sociology
Depositing User: Eugene Nulman
Date Deposited: 06 Jan 2021 13:56
Last Modified: 06 Jan 2021 13:56
URI: http://www.open-access.bcu.ac.uk/id/eprint/10664

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