This paper investigates the impact of inheritances and gifts received on the distribution of wealth among older households in England, and the implications for inequality in lifetime incomes. Whereas previous work has looked only at marketable wealth, we consider broader measures including...

This report compares and contrasts the economic circumstances of individuals born between the 1940s and the 1970s, currently ages between their mid-30s and mid-70s. In doing so, it aims to provide a sense of the likely economic position of the younger cohorts in later life, in absolute terms and...

This report presents projections of mortality, family composition, health, care receipt, care provision, labour supply and receipt of disability benefits for people aged 65 and over from 2010-11 through to 2022-23, as well as projections of their wealth and incomes, in order to offer commentary...

How have household incomes evolved since the onset of the financial crisis? How has the gap between rich and poor changed? How have living standards changed over time for different parts of the population? How many people are in poverty and which groups are most likely to face poverty? Each...

The official statistics on the distribution of income and the extent of poverty in the UK in 2011-12 were released on Thursday 13 June 2013. Using the data underlying these statistics, this report analyses: •the changes in average incomes in the most recent year of data and the period since...

This report presents projections of relative and absolute income poverty among children and working-age adults in every year to 2016-17, and in 2020-21. The aim is to estimate the implications for household incomes- and hence, income poverty- of what we know about tax and benefit policy and...

This paper estimates the effects of entering the labour market when the economy is weak on subsequent living standards using consistent long-running household survey data from the UK. In line with previous research, we find persistent scarring effects on employment and earnings. However, we also...

This report examines changes in the distribution of household incomes in the UK, and the determinants and consequences of recent trends. This includes analysing not only changes in average living standards, but also inequality in household incomes and measures of income poverty and deprivation....

Debates over living standards, poverty and inequality in the UK are often hampered by the fact that official data on household incomes are available only with a significant lag. Currently, the latest statistics are for 2015-16. In this report, we attempt to fill this gap by estimating what has...

It is now around a decade since the financial crisis that triggered the Great Recession of 2008-09. In many respects, the impacts of this recession on the living standards of UK households have been unusually severe. Median household income is now around 15% below its long-run trend, having...