Wealth inequalities across generations
Wealth inequalities across generations
This study considers age stratification in terms of the distribution of wealth across age groups using harmonized micro-level data from the Luxembourg Wealth Study Database. The analysis is applied to the latest cross-sectional data for seven countries representative of different welfare regimes and different family models: the United States, Germany, Italy, Sweden, Finland, the United Kingdom, and Japan. Wealth increases with age, irrespectively of the welfare state, but its progression varies in important ways. That is, whereas the older age groups have command of a disproportionate share the economic resources compared to young adults, the gap between the old and the young differs in substantially across countries. We discuss the possible implications of wealth accumulation across different age strata for the younger generations and the way it may affect their transition to adulthood.
University of Southampton
Vitali, Agnese
56acb6b8-5161-4106-9e73-20712840d675
Aassve, Arnstein
16edac9d-a14b-41bd-8e6d-15f54efd575c
Furstenberg, Frank F.
538e24a4-0fdd-425a-8c9a-31faed20e2b8
McGowan, Teresa
4524e894-04de-4822-8508-f4b966e12ae2
25 March 2014
Vitali, Agnese
56acb6b8-5161-4106-9e73-20712840d675
Aassve, Arnstein
16edac9d-a14b-41bd-8e6d-15f54efd575c
Furstenberg, Frank F.
538e24a4-0fdd-425a-8c9a-31faed20e2b8
McGowan, Teresa
4524e894-04de-4822-8508-f4b966e12ae2
Vitali, Agnese, Aassve, Arnstein and Furstenberg, Frank F.
,
McGowan, Teresa
(ed.)
(2014)
Wealth inequalities across generations
(ESRC Centre for Population Change Working Paper Series, 46)
Southampton, GB.
University of Southampton
30pp.
Record type:
Monograph
(Working Paper)
Abstract
This study considers age stratification in terms of the distribution of wealth across age groups using harmonized micro-level data from the Luxembourg Wealth Study Database. The analysis is applied to the latest cross-sectional data for seven countries representative of different welfare regimes and different family models: the United States, Germany, Italy, Sweden, Finland, the United Kingdom, and Japan. Wealth increases with age, irrespectively of the welfare state, but its progression varies in important ways. That is, whereas the older age groups have command of a disproportionate share the economic resources compared to young adults, the gap between the old and the young differs in substantially across countries. We discuss the possible implications of wealth accumulation across different age strata for the younger generations and the way it may affect their transition to adulthood.
Text
2014_WP46_Wealth_Inequalities_Across_Generations_Vitali_et_al.pdf
- Other
More information
Published date: 25 March 2014
Organisations:
Social Statistics & Demography, Centre for Population Change
Identifiers
Local EPrints ID: 363463
URI: http://eprints.soton.ac.uk/id/eprint/363463
ISSN: 2042-4116
PURE UUID: 1d94524f-a081-41d2-ae24-b46a5b811fdf
Catalogue record
Date deposited: 26 Mar 2014 16:31
Last modified: 15 Mar 2024 03:23
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Contributors
Author:
Agnese Vitali
Author:
Arnstein Aassve
Author:
Frank F. Furstenberg
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