Chapter

The distribution of wealth

Karen Rowlingson and Stephen Mckay

in Wealth and the Wealthy

Published by Policy Press

Published in print December 2011 | ISBN: 9781847423085
Published online May 2012 | e-ISBN: 9781447305620 | DOI: http://dx.doi.org/10.1332/policypress/9781847423085.003.0004
The distribution of wealth

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This chapter uses a range of sources of data, such as the Family Resources Survey, HMRC (formerly Inland Revenue) data and the new large-scale Wealth and Assets Survey, to document the distribution of assets and income among different groups. It highlights the fact that the distribution of assets is twice as unequal as the distribution of income. The chapter then looks at particular types of assets, such as: property; financial savings; and pension wealth. Data on receipts of inheritance as a source of asset accumulation are also presented and discussed. The analysis considers the distribution of assets and income by different groups in the population, for example by gender, age, social class and ethnic group. The chapter discusses the ‘lifecycle model’ of income and assets, and provides data on the role of inheritance in relation to inter-generational wealth inequality.

Keywords: wealth; housing wealth; pension wealth; savings

Chapter.  11340 words.  Illustrated.

Subjects: Social Stratification, Inequality, and Mobility

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