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At this event, IFS researchers presented the key findings from their latest report on "Why do wealthy parents have wealthy children?", funded by the Economic and Social Research Council.

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Recent decades has seen rapid growth in the value of household wealth compared to incomes and slow earnings growth for younger generations.Whether and how younger adults' economic prospects are shaped by their parents' wealth is a question of increasing relevance. Why do the children of wealthy parents accumulate more wealth than their peers from poorer backgrounds? Does parental wealth have a role in determining young people's earnings, wealth accumulation and access to homeownership? What channels are involved in the persistence of wealth from one generation to the next?

You can watch the full video of the event below, or download the slides used here:

Authors

Peter Levell
Peter Levell

Associate Director

Peter joined in 2009. He has published several papers on the microeconomics of household spending and labour supply decisions over the life-cycle.

David Sturrock
David Sturrock

Senior Research Economist

David’s research covers household wealth, intergenerational transfers, social mobility, pensions taxation, and health and work at older ages.

Presentation details

Publisher
IFS

Suggested citation

Levell, P and Sturrock, D. (2021). 'Why do wealthy parents have wealthy children?' [Presentation]. London: IFS. Available at: https://ifs.org.uk/publications/why-do-wealthy-parents-have-wealthy-children (accessed: 24 April 2024).

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