The economic circumstances of cohorts born between the 1940s and the 1970s

Hood, Andrew; Joyce, Robert

doi:10.1920/re.ifs.2013.0089

Cited by 15 publications

(1 citation statement)

References 20 publications

(10 reference statements)

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“…In Panel A, the graph shows an inverted U‐shaped relationship between real equivalized income and year of birth with the peak corresponding to the Baby Boomers who are currently between their mid‐50s and mid‐70s. This is in line with Hood and Joyce (2013) who use UK Family Expenditure Survey data; they also find a rapid improvement in economic outcomes across birth cohorts that peaked among cohorts born between the 1960s and 1970s. For all post‐1945 birth cohorts, household income is higher for the actual data than the counterfactual.…”

Section: Resultssupporting

confidence: 88%

Equality of opportunity and the expansion of higher education in the UK

Carrieri

Davillas

Jones

2022

Review of Income and Wealth

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Any opinions expressed in this paper are those of the author(s) and not those of IZA. Research published in this series may include views on policy, but IZA takes no institutional policy positions. The IZA research network is committed to the IZA Guiding Principles of Research Integrity. The IZA Institute of Labor Economics is an independent economic research institute that conducts research in labor economics and offers evidence-based policy advice on labor market issues. Supported by the Deutsche Post Foundation, IZA runs the world's largest network of economists, whose research aims to provide answers to the global labor market challenges of our time. Our key objective is to build bridges between academic research, policymakers and society. IZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author.

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Section: Resultssupporting

confidence: 88%

Equality of opportunity and the expansion of higher education in the UK

Carrieri

Davillas

Jones

2022

Review of Income and Wealth

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Recent Trends in the Size and the Distribution of Inherited Wealth in the UK

Karagiannaki

2015

Fiscal Studies

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This document is the author's final accepted version of the journal article. There may be differences between this version and the published version. You are advised to consult the publisher's version if you wish to cite from it. Recent trends in the size and the distribution of inherited wealth in the UKDecember 2013 AbstractIn this paper we use HMRC estate statistics and micro-data from four UK household surveys to examine changes in the size, the composition and the distribution of inherited wealth in the UK over the period 1985-2010. Our findings indicate that the period under examination is characterised by a substantial increase in the flow of inheritance. This increase, which was particularly marked in the early 2000s, was mainly driven by the rise in house prices and to a lesser extent by the increase in the proportion of inheritances which included housing assets. The distribution of inheritance amongst recipients became more unequal over this period. However, the inequality-increasing effect from the greater dispersion in the distribution of inheritance was counterbalanced by the increase in the percentage of the population who received an inheritance, resulting in a small decrease in the inequality of inheritance for the population overall. Analysis of the distribution of inheritance by socio-economic status suggests a positive association between inheritance and socio-economic status with some suggestive evidence that this association might have strengthened over time. Overall, however, the value of inheritance for most people is rather small and the differences across groups rather moderate.

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Intergenerational Differences in Income and Wealth: Evidence from Britain

Cribb

2019

Fiscal Studies

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How do average levels of income and wealth differ in Britain for those born between the 1930s and 1980s? Those in the 1980s cohort are the first post‐war generation not to have higher median incomes in their early 30s than those born a decade earlier, though they have much higher incomes than those born in the 1960s and earlier. Median wealth for those in the 1980s cohort is 20 per cent lower in their early 30s than it was for those born in the 1970s. This is driven by lower property wealth and homeownership: 40 per cent at age 30 for the 1980s cohort, compared with 55 per cent for the 1970s cohort.

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The economic circumstances of cohorts born between the 1940s and the 1970s

Cited by 15 publications

References 20 publications

Equality of opportunity and the expansion of higher education in the UK

Equality of opportunity and the expansion of higher education in the UK

Recent Trends in the Size and the Distribution of Inherited Wealth in the UK

Intergenerational Differences in Income and Wealth: Evidence from Britain

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