Parental homeownership and education: the implications for offspring wealth inequality in Great Britain

IF 1.9 3区社会学 Q3 PUBLIC ADMINISTRATION

Journal of Social Policy Pub Date : 2023-09-21 DOI:10.1017/s0047279423000442

Paul Gregg, Ricky Kanabar

引用次数: 0

Abstract

Abstract The rapid widening of wealth inequalities has led to sharp differences in living standards in Great Britain. Understanding whether and separately the rate at which individuals accumulate particular types of wealth by family background is important for improving wealth and social mobility. We show offspring wealth inequality is driven by housing wealth, and holding such wealth is becoming increasingly associated with early life circumstances relating to parental housing tenure and education, even after controlling for adult offspring’s own characteristics. Importantly, we find adult offspring whose parents hold a degree and are homeowners are no less likely to report homeownership and housing wealth compared to older cohorts from the same background. Our findings infer the intergenerational rank correlation in housing wealth is set to double in approximately three decades.

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父母住房所有权和教育:对英国后代财富不平等的影响

财富不平等的迅速扩大导致了英国生活水平的巨大差异。了解个人根据家庭背景积累特定类型财富的速度，对提高财富和社会流动性是否很重要。我们的研究表明，后代财富不平等是由住房财富驱动的，即使在控制了成年后代自身的特征之后，拥有这样的财富正越来越多地与父母的住房使用权和教育相关的早期生活环境联系在一起。重要的是，我们发现，与具有相同背景的老年人相比，父母拥有学位并拥有住房的成年子女报告住房所有权和住房财富的可能性并不低。我们的研究结果推断，住房财富的代际等级相关性将在大约30年内翻一番。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Social Policy Multiple-

CiteScore

4.40

自引率

20.00%

发文量

期刊介绍： The Journal of Social Policy carries high quality articles on all aspects of social policy in an international context. It places particular emphasis upon articles which seek to contribute to debates on the future direction of social policy, to present new empirical data, to advance theories, or to analyse issues in the making and implementation of social policies. The Journal of Social Policy is part of the "Social Policy Package", which also includes Social Policy and Society and the Social Policy Digest. An online resource, the Social Policy Digest, was launched in 2003. The Digest provides a regularly up-dated, fully searchable, summary of policy developments and research findings across the whole range of social policy.