Intergenerational wealth transmission in Great Britain

IF 1.9 3区经济学 Q2 ECONOMICS

Review of Income and Wealth Pub Date : 2022-10-18 DOI:10.1111/roiw.12620

P. Gregg, Ricky Kanabar

引用次数: 4

Abstract

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 60s is lower than for those currently aged in their 30s and early 40s, though rank based estimates are stable. We estimate that the intergenerational wealth elasticity is 3.8 percentage points higher when comparing people with those the same age six years previously suggesting strong evidence of higher intergenerational wealth persistence in younger age cohorts.

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英国的代际财富传递

我们使用英国财富和资产调查记录了成年子女和父母之间财富的代际持久性。我们估计代际财富弹性为0.4，排名弹性为0.3，并发现60多岁的个人财富持久性低于目前年龄在30多岁和40岁出头的人，尽管基于排名的估计是稳定的。我们估计，与六年前的同龄人相比，代际财富弹性高出3.8个百分点，这有力地证明了年轻人群的代际财富持久性更高。

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

Review of Income and Wealth ECONOMICS-

CiteScore

4.00

自引率

10.00%

发文量

期刊介绍： The major objective of the Review of Income and Wealth is to advance knowledge on the definition, measurement and interpretation of national income, wealth and distribution. Among the issues covered are: - national and social accounting - microdata analyses of issues related to income and wealth and its distribution - the integration of micro and macro systems of economic, financial, and social statistics - international and intertemporal comparisons of income, wealth, inequality, poverty, well-being, and productivity - related problems of measurement and methodology