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The Guardian:
Household income data is measure of economic recovery, LSE panel says

31 January 2013

Politicians should track progress in repairing Britain's recession-scarred economy by measuring how the average household is faring instead of focusing on GDP alone, according to a report by a panel of heavyweight economists. The London School of Economics Growth Commission, in findings published on Thursday, calls for statistics on median household income to be published regularly alongside quarterly GDP figures, and to be used as a measure of whether government policies are working. The high-level panel - including Nobel prizewinner Chris Pissarides, ex-BP boss John Browne, the three former Bank of England rate-setters Richard Lambert, Rachel Lomax and Tim Besley, as well as the LSE's John Van Reenen, director of its centre for economic performance - offers a series of prescriptions for tackling the long-term failings of the UK economy.

This article was published in the Guardian on January 31, 2013
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Related publications
LSE Growth Commission Report - 'Investing for Prosperity: Skills, Infrastructure and Innovation', by Philippe Aghion, Timothy Besley, John Browne, Francesco Caselli, Richard Lambert, Rachel Lomax, Christopher Pissarides, Nick Stern and John Van Reenen, January 2013
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Related links
Francesco Caselli webpage
Christopher Pissarides webpage
John Van Reenen webpage
Productivity and Innovation Programme webpage
Macro Programme webpage
LSE Growth Commission website

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