Rising wealth inequality has spurred an increased interest in understanding how and why wealth is correlated across generations. We exploit plausibly exogenous variation in housing wealth driven by home price changes in different areas to isolate the causal impact of parental housing wealth...

A large literature shows that the children of immigrants have high upward mobility. However, immigrants vary vastly in how they are selected: while economic immigrants are chosen based on skill and education, refugees migrate at times of conflict and war. In this paper, we study the mobility of...

Five years ago, our Intergenerational Commission set out the numerous threats to the UK's promise of intergenerational progress. More recently, the spotlight has once again fallen on this issue, but this time in the US, where the latest data has started to suggest that living standards for the...