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Wealth in the UK: Distribution, Accumulation, and Policy

4.3/5 ( ratings)

This book examines key issues connected with the distribution of personal wealth in the UK. It examines why wealth is now such an important factor in social differences and public policy. It presents the most recent information on current wealth inequalities and a detailed discussion of
trends in the distribution of wealth. It uses newly available data to compare wealth inequalities in the UK with the USA, Canada and Sweden. It uses longitudinal data, which track the same people over time, to examine trajectories in wealth accumulation over the decade to 2005 and inequalities in
inheritances over the same period. It looks at how parental wealth levels and people's asset-holdings early in adulthood affect outcomes later in their lives. The final part looks at the way in which policies towards wealth-holding developed historically, and the contradictory ways in which a wide
range of public policies relate to people's wealth levels, including through taxation, means-testing, and the encouragement of saving, and discusses what the key issues for policy towards wealth and wealth inequalities now are.

Personal wealth in the UK totalled L5.5 trillion by 2010 . Inheritance flows are now equivalent to 4 per cent of national income each year. All households in the wealthiest tenth have more than 75 times the wealth of any of those in the
bottom tenth. Absolute differences in wealth levels have increased substantially over the last 15 years, so wealth differences represent many more years of income than in the past. This makes them of great importance to life chances. This makes the book highly relevant for public policy, but also
for academic and student understanding of a crucial dimension of social difference.

As well as bringing together existing information on the area, the book contains considerable new analysis on wealth inequality, inheritance and their impacts, drawing on work which is at the forefront of recent research.

Language: English

Pages: 272

Format: Hardcover

Publisher: Oxford University Press, USA

Release: June 10, 2013

ISBN: 0199678308

ISBN 13: 9780199678303

Wealth in the UK: Distribution, Accumulation, and Policy

4.3/5 ( ratings)

This book examines key issues connected with the distribution of personal wealth in the UK. It examines why wealth is now such an important factor in social differences and public policy. It presents the most recent information on current wealth inequalities and a detailed discussion of
trends in the distribution of wealth. It uses newly available data to compare wealth inequalities in the UK with the USA, Canada and Sweden. It uses longitudinal data, which track the same people over time, to examine trajectories in wealth accumulation over the decade to 2005 and inequalities in
inheritances over the same period. It looks at how parental wealth levels and people's asset-holdings early in adulthood affect outcomes later in their lives. The final part looks at the way in which policies towards wealth-holding developed historically, and the contradictory ways in which a wide
range of public policies relate to people's wealth levels, including through taxation, means-testing, and the encouragement of saving, and discusses what the key issues for policy towards wealth and wealth inequalities now are.

Personal wealth in the UK totalled L5.5 trillion by 2010 . Inheritance flows are now equivalent to 4 per cent of national income each year. All households in the wealthiest tenth have more than 75 times the wealth of any of those in the
bottom tenth. Absolute differences in wealth levels have increased substantially over the last 15 years, so wealth differences represent many more years of income than in the past. This makes them of great importance to life chances. This makes the book highly relevant for public policy, but also
for academic and student understanding of a crucial dimension of social difference.

As well as bringing together existing information on the area, the book contains considerable new analysis on wealth inequality, inheritance and their impacts, drawing on work which is at the forefront of recent research.

Language: English

Pages: 272

Format: Hardcover

Publisher: Oxford University Press, USA

Release: June 10, 2013

ISBN: 0199678308

ISBN 13: 9780199678303

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