Showing 1 - 10 of 63
This paper presents the first UK estimates of the association between parental wealth during adolescence and a range of … children’s outcomes in early adulthood. Parental wealth is positively associated with all outcomes examined (which include … association reflects the indirect effect of parental wealth on children’s education whereas for homeownership the estimated …
Persistent link: https://www.econbiz.de/10010746617
There has been a large rise in the UK ratio of personal wealth to national income. Personal wealth has grown since the … 1970s about twice as fast in real terms as national income. Has this rise in the wealth-income ratio led to a corresponding … increase in the wealth being passed on from one generation to the next? Are we returning to the levels of inheritance found in …
Persistent link: https://www.econbiz.de/10011126277
This paper examines trends in the distribution of household wealth in Great Britain from 1995 to 2005 using the British … Household Panel Survey (BHPS). The data show that wealth is very unevenly distributed and reveal a widening absolute gap over … the period between wealthier households and those with no or negative wealth. However, in relative terms, wealth grew …
Persistent link: https://www.econbiz.de/10010884701
Using the evidence from the Luxembourg Wealth Study it appears that the distribution of wealth in the UK is … and of the wealth differential between the rich and the rest? Using a Pareto model for the upper tail of the distribution …
Persistent link: https://www.econbiz.de/10010745038
In this paper we seek to determine the effect of assets held in early adult life on later outcomes. We specifically look at wages, employment prospects, general health and Malaise. The identification of an asset-effect throws up a number of statistical challenges as asset holding is not random....
Persistent link: https://www.econbiz.de/10010745695
The theory of functional equations is used to clarify the relationship between equilibrium distributions of wealth and …
Persistent link: https://www.econbiz.de/10010746547
This paper examines the relation between ambition, as a form of dynamic human capital, and the escalator role of high-order metropolitan regions, as originally identified by A. J. Fielding. It argues that occupational progression in such places particularly depends on concentrations both of...
Persistent link: https://www.econbiz.de/10011125904
In the urban resurgence accompanying the growth of the knowledge economy, second-order cities appear to be losing out to the principal city, especially where the latter is much larger and benefits from substantially greater agglomeration economies. The view that any city can make itself...
Persistent link: https://www.econbiz.de/10011125984
This paper summarizes research on the relative level of intergenerational mobility – whether classified by income, education or social class. The literatures on education and income mobility reveal a similar ranking with South America, other developing nations, southern European countries and...
Persistent link: https://www.econbiz.de/10011126209
We look for evidence of adaptation in wellbeing to major life events using eighteen waves of British panel data. Adaptation to marriage, divorce, birth of child and widowhood appears to be rapid and complete; this is not so for unemployment. These findings are remarkably similar to those in...
Persistent link: https://www.econbiz.de/10011126217