Welfare-oriented analyses of economic outcome measures such as income and wealth in general rest on the assumption of pooling and equal sharing of resources by all members of a given household. Examining the distribution of income and wealth within the household context is almost always hampered by the lack of individual level data. Based on unique individual level wealth data from the German S...

Understanding the relationship between housing wealth and consumption is important, because it informs the extent to which fluctuations in house prices might affect the broader economy. We investigate the relationship between housing wealth and consumption using postcode-level variation in house prices and administrative data on new passenger vehicle registrations as a proxy for consumption. In...

Access to Britain’s highly-resourced private schools matters because of concerns surrounding social mobility. Using the UK Family Resources Survey, we document a high and mostly stable income concentration school access since 1997. Nevertheless, some low-income participation persists. Bursaries are income-progressive but cannot account for this participation. Housing wealth is, however, found b...

Building on evidence of increasing inequality with the 2008-9 recession, we ask whether households experienced different financial trajectories through the recession depending on initial income and net worth. Using growth curve models of households headed by young adults in the Panel Study of Income Dynamics, we compare the relationship between initial income and net worth and the rate of chang...