Intergenerational wealth transmission in Great Britain
نویسندگان
چکیده
We document the intergenerational wealth transmission between adult offspring and their parent's using Wealth Assets Survey for Great Britain. estimate an elasticity of 0.4 Rank-Rank 0.3 find individuals in 60s is lower than those currently aged 30s early 40s, though rank based estimates are stable. Our estimation results imply that 3.8 percentage points higher when comparing people with same age 6 years previously suggesting strong evidence persistence younger cohorts. Taken together, findings have important implications future inequalities must be addressed.
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ژورنال
عنوان ژورنال: Review of Income and Wealth
سال: 2022
ISSN: ['1475-4991', '0034-6586']
DOI: https://doi.org/10.1111/roiw.12620