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We study partnership sorting by education, the profile of wealth accumulation and the implications for wealth inequality for two cohorts born in 1947-1953 and 1973-1979 using the Wealth and Assets Survey for Great Britain. Our findings suggest individuals positively sort by education relative to...
Persistent link: https://www.econbiz.de/10015197641
Persistent link: https://www.econbiz.de/10014437280
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...
Persistent link: https://www.econbiz.de/10012584703
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...
Persistent link: https://www.econbiz.de/10012815604