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Report IFS Report Series R188

Inheritances and inequality over the life cycle: what will they mean for younger generations?

Authors

Publication date

Apr 2021

Summary

Inheritances have been growing as a share of national income in the UK since the 1970s. This trend looks set to continue as generations at older ages hold more wealth than their immediate predecessors but younger generations have no higher incomes than the generations born just before them.

DOI

https://doi.org/10.1920/re.ifs.2021.0188

Subjects

Education, Households, Economics, Income Dynamics, Savings And Assets, Wages And Earnings, Household Economics, and Life Course Analysis

Links

https://www.ifs.org.uk/publications/15407


Related publications

  1. Report summary: inheritances and inequality over the life cycle: what will they mean for younger generations?

    Pascale Bourquin, Robert Joyce, and David Sturrock

    1. Education
    2. Households
    3. Economics
    4. Income Dynamics
    5. Savings And Assets
    6. Wages And Earnings
    7. Household Economics
    8. Life Course Analysis
  2. Model appendix to 'inheritances and inequality over the life cycle: what will they mean for younger generations?'

    Pascale Bourquin, Robert Joyce, and David Sturrock

    1. Education
    2. Households
    3. Economics
    4. Income Dynamics
    5. Savings And Assets
    6. Wages And Earnings
    7. Household Economics
    8. Life Course Analysis
  3. The growing size of inheritances is set to reduce social mobility for younger generations

    Pascale Bourquin, Robert Joyce, and David Sturrock

    1. Education
    2. Households
    3. Economics
    4. Income Dynamics
    5. Savings And Assets
    6. Wages And Earnings
    7. Household Economics
    8. Life Course Analysis

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