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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 …
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different groups in the UK, and the consequences that these changes have for income inequality and for measures of deprivation … and poverty. This is the 22nd annual report published by IFS authors on living standards, poverty and inequality in the UK …
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Wealth surveys tend to underestimate wealth concentration at the top due to the "missing rich" problem. We propose a … new way of improving the credibility of wealth surveys: We make them consistent with tabulated income tax data. This is … years and collects data on both income and wealth. Consistency is achieved by calibrating survey weights using the income …
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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 …
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