2 Citations (SciVal)


We document the intergenerational wealth transmission 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 intergenerational wealth transmission for individuals in their 60s is lower than for those currently aged in their 30s and early 40s, though rank based estimates are stable. Our estimation results imply that the intergenerational wealth elasticity is 3.8 percentage points higher when comparing people with those the same age 6 years previously suggesting strong evidence of higher intergenerational wealth persistence in younger age cohorts. Taken together, the findings have important implications for future wealth inequalities and must be addressed.

Original languageEnglish
Pages (from-to)807-837
JournalReview of Income and Wealth
Issue number4
Early online date18 Oct 2022
Publication statusPublished - 31 Dec 2023

Bibliographical note

No research funding acknowledged


  • Great Britain
  • inequality
  • intergenerational mobility
  • wealth

ASJC Scopus subject areas

  • Economics and Econometrics


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