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 …

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 … mobility. We show the change in the intergenerational persistence in wealth in Great Britain is due to inequality in offspring …

, consumption, and wealth to answer the question: is intergenerational mobility similar across the three resource measures? Absolute … mobility is highest for consumption, followed by income and wealth. Income exhibits the highest intergenerational correlation …, or lowest relative mobility, followed closely by consumption. Wealth exhibits much lower relative mobility. We also look …

In this paper, we explore channels by which household background determines an individual's educational and social … household background. The results highlight that the level of parental education is more relevant than the level of parental …