Andrew Hood

Andrew Hood

Research Economist

Education:

MSc Economics (Distinction), University College London, 2015 

BA Philosophy, Politics and Economics (1st Class), University of Oxford, 2012

 

Andrew joined the IFS in 2012 and works in the Income, Work and Welfare sector. His current work includes analysis of the effect of taxes and benefits on the income distribution, and investigating the role of inheritances in explaining inequalities in consumption and wealth. 

 

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Lifetime Receipt of Inheritances and the Distribution of Wealth in England

| Journal Articles

We investigate the impact of inheritances and gifts received on the distribution of wealth. Whereas previous work has looked only at marketable wealth, we consider broader measures of wealth including state and private pensions. We find that once pension wealth is included, inheritances and gifts no longer have an equalising impact on the distribution of wealth. Without pension wealth, including wealth transfers reduces the Gini coefficient for wealth from 0.57 to 0.52. With pension wealth, the impact is negligible. We argue that this latter effect gives a better indication of the impact of inheritances on the distribution of lifetime income.

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