Should generations differ in their wealth accumulation

Document type
Working Paper
Crawford, Rowena; Sturrock, David
Institute for Fiscal Studies
Date of publication
31 October 2019
IFS Working Paper; WP19/27
Poverty Alleviation Welfare Benefits and Financial Inclusion, Older Adults, Children and Young People
Social welfare
Material type

Download (3.3MB )

In the UK, those born between the 1930s and 1950s have seen generation-on-generation increases in wealth, while those born more recently appear to have accumulated no more wealth than their predecessors had done by the same age. There is debate over the drivers, and therefore implications, of these trends. In this working paper, a heterogeneous agents lifecycle model has been used to quantify the potential importance of changing economic and demographic circumstances for the wealth accumulation of generations.

More from Social welfare collection

Related to Poverty Alleviation Welfare Benefits and Financial Inclusion

Inheritances and inequality across and within generations

This briefing highlights the importance of inherited wealth and how it may play a more important role in determining the lifetime economic resources of younger generations.Key points:Elderly

Spending power across the generations

Who wields the balance of spending power in contemporary Britain? With increasing media and political rhetoric surrounding the “cost-of-living-crisis”, it is useful to analyse patterns of spending behaviour

Are 'cultures of worklessness' passed down the generations?: summary

The idea that worklessness can be explained by families passing on values and practices that discourage employment and encourage welfare dependency is a powerful one, popular with UK governments and

Attitudes of different generations to the welfare system: summary

On a range of measures, support for the welfare system has fallen dramatically over the last two decades. People have become less likely to support greater spending on welfare, and more likely to believe

More items related to this subject