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Books > Social sciences > Politics & government > Central government > Central government policies
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Wealth in the UK - Distribution, Accumulation, and Policy (Paperback)
Loot Price: R1,195
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Wealth in the UK - Distribution, Accumulation, and Policy (Paperback)
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This book examines key issues connected with the distribution of
personal wealth in the UK. It studies 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 GBP5.5 trillion by 2010
(GBP9-10 trillion if occupational pension rights are included).
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.
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