The UK's wealth distribution and characteristics of high‐wealth households

Arun Advani, George Bangham and Jack Leslie

Fiscal Studies, 2021, vol. 42, issue 3-4, 397-430

Abstract: We show that wealth inequality in the UK is high and has increased slightly over the past decade as financial asset prices have increased in the wake of the financial crisis. But data deficiencies are a major barrier in understanding the true distribution, composition and size of household wealth. The most comprehensive survey of household wealth in the UK does a good job of capturing the vast majority of the wealth distribution, but nearly £800 billion of wealth held by the very wealthiest UK households is missing. We also find tentative evidence that survey measures of high‐wealth families undervalue their assets – our central estimate of the true value of wealth held by households in the UK is 5 per cent higher than the survey data suggest.

Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
https://doi.org/10.1111/1475-5890.12286

Related works:
Working Paper: The UK's wealth distribution and characteristics of high-wealth households (2021)
Working Paper: The UK's wealth distribution and characteristics of high-wealth households (2021)
Working Paper: The UK’s wealth distribution and characteristics of high-wealth households (2021)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:fistud:v:42:y:2021:i:3-4:p:397-430

Access Statistics for this article

More articles in Fiscal Studies from John Wiley & Sons
Bibliographic data for series maintained by Wiley Content Delivery ().