We document the intergenerational persistence of wealth between adult offspring and their parent's using the Wealth and … Assets Survey for Great Britain. We estimate an intergenerational wealth elasticity of 0.4 and rank-rank elasticity of 0 ….3 and find wealth persistence for individuals in their 60s is lower than for those currently aged in their 30s and early 40s …

mobility. We show the change in the intergenerational persistence in wealth in Great Britain is due to inequality in offspring …The rapid widening of intergenerational wealth inequalities has led to sharp differences in living standards in Great … Britain. Understanding which components of wealth are driving such inequalities is important for improving wealth and social …

credit led to less intergenerational mobility and greater inequality. Two offsetting forces underlie this result: (1) greater …

undocumented channel through which wealth inequality reinforces itself … data, we can neatly describe the heterogeneity across all parts of the distribution of wealth. We find compelling evidence …

market wealth affect worker output. Exploiting large return variations over time and across investors, we document a 10 … idiosyncratic stock investment returns, and moreover is unexplained by investor-specific liquidity needs. Consistent with the wealth …

their wealth ownership. Using data from the Household Finance and Consumption Survey (HFCS), we document a positive average … migrant wealth gap between migrant and native households. However, the raw gap is almost negligible for second generation … migrant households, whereas it rises across the unconditional net wealth distribution for first generation migrant households …