Intergenerational differences in income and wealth evidence from Britain Jonathan Cribb
By: Cribb, Jonathan
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ArticlePublisher: 2019Subject(s): RENTA | NIVEL DE VIDA | RIQUEZA | EVALUACION | REINO UNIDOOnline resources: Click here to access online
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Fiscal Studies v. 40, n. 3, p. 275-299 Summary: How do average levels of income and wealth differ in Britain for those bornbetween the 1930s and 1980s? Those in the 1980s cohort are the first post-wargeneration not to have higher median incomes in their early 30s than thoseborn a decade earlier, though they have much higher incomes than those bornin the 1960s and earlier. Median wealth for those in the 1980s cohort is 20 percent lower in their early 30s than it was for those born in the 1970s. This isdriven by lower property wealth and homeownership: 40 per cent at age 30 forthe 1980s cohort, compared with 55 per cent for the 1970s cohort
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How do average levels of income and wealth differ in Britain for those bornbetween the 1930s and 1980s? Those in the 1980s cohort are the first post-wargeneration not to have higher median incomes in their early 30s than thoseborn a decade earlier, though they have much higher incomes than those bornin the 1960s and earlier. Median wealth for those in the 1980s cohort is 20 percent lower in their early 30s than it was for those born in the 1970s. This isdriven by lower property wealth and homeownership: 40 per cent at age 30 forthe 1980s cohort, compared with 55 per cent for the 1970s cohort
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