Friday, August 24, 2012

An Interesting Chart

The graph below (FT Alphaville via TexExile) depicts real disposable household income growth by decile over the period 2000-2010:


Households in the southern periphery did quite well out of the euro; German households lost across the spectrum. but France is the real outlier here: sharp growth in the bottom and top deciles, losses in the middle. Explanations welcome. (Yes, Sarkozy tax policies no doubt helped the top decile. But what about the bottom 3? The RSA?)

2 comments:

bernard said...

I would be inteested in a serious assessment of the reliability of these statistics. Several countries look quite bizarre and if what is depicted is actually correct, it certainly cannot be attributed solely to the Euro: see for instance the little hickups in Belgium among the higher deciles, in Italy (4th decile), the massive losses in Austria (why Austria?). No, I am not quite sure we should take these numbers seriously. As for Finland, you simply have to wonder.

xkcd386 said...

Austria: some suggests because of a misleading use of household income instead of per capita., and lot of change in Austrian household composition.
in any case, keeping such an astonishing result in the study without explanation (I did'nt read the study, but the FT journalist hopefully did) put a lot of it in doubt.