Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/267155 
Year of Publication: 
2022
Series/Report no.: 
ISER Working Paper Series No. 2022-02
Publisher: 
University of Essex, Institute for Social and Economic Research (ISER), Colchester
Abstract: 
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 housing wealth and that offspring homeownership has become increasingly stratified by parental wealth even after controlling for individual's own characteristics. Our findings imply the intergenerational wealth elasticity in housing wealth is set to double in approximately one century and highlight the increasingly important role parental wealth has for determining whether offspring hold and the rate at which they accumulate particular types of wealth.
Subjects: 
Wealth
Housing
Inequality
intergenerational mobility
Great Britain
JEL: 
D31
D63
I24
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.