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Abstract:

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CentrePiece Article
Generation gap: young Brits less likely to 'do better' than their parents
Jo Blanden, Stephen Machin and Sumaiya Rahman
November 2019
Paper No' CEPCP566:
Full Paper (pdf)

CentrePiece 24 (3) Autumn 2019


Tags: intergenerational mobility; inequality; generation gap

Doing better financially than your parents is an important marker of success, and for much of the last half century, real earnings growth in the UK was strong enough that most young people achieved this milestone. But research by Jo Blanden, Stephen Machin and Sumaiya Rahman shows that plummeting earnings since the Great Recession mean that fewer young adults now are earning more than their fathers.

This article summarises 'Falling Absolute Intergenerational Mobility' by Jo Blanden, Stephen Machin and Sumaiya Rahman presented at the Royal Economic Society Annual Conference 2019.