There is substantial evidence of a significant relationship between parents' income and sons' earnings in the UK, and … that this relationship has strengthened over time. We extend this by exploring a broader measure of net family income as an … intergenerational income persistence and has a stronger effect for the later cohort. Finally, men from higher-income backgrounds are …

In April 2010 the UK's marginal rate of income tax above £150,000 was increased from 40% to 50%, affecting the highest-income … 0.66% of the adult population (and 1% of income taxpayers). This would seem an ideal opportunity to obtain an estimate … of the taxable income elasticity, but identification is impeded by forestalling (individuals bringing forward income to …