Wealth & assets· Tax· Intergenerational Centre The million dollar be-question: inheritances, gifts, and their implications for generational living standards 30 December 2017 by Laura Gardiner This report assesses the role that intergenerational family transfers – inheritances and gifts – play in Britain. It provides a detailed assessment of past gifts and inheritances, and estimates the timing and distribution of future intergenerational transfers of property wealth to the millennial generation. READ MORE
Welfare· Intergenerational Centre As good as it gets? The adequacy of retirement income for current and future generations of pensioners 27 November 2017 by David Finch and Laura Gardiner This report assesses pensions adequacy from an intergenerational perspective. We present detailed findings on the adequacy of retirement incomes for recent cohorts of retirees in Great Britain, along with projections of future adequacy both across and within generations. READ MORE
Budgets & fiscal events· Economy and public finances· Welfare· Intergenerational Centre A Budget for intergenerational fairness? 10 November 2017 by Laura Gardiner Here we focus on the levers that Chancellors most frequently turn to at Budget time – the taxation of income, and working-age benefits. We demonstrate the intergenerational parameters by which policies should be judged, by assessing the impact of policy options both across and within generations. READ MORE
Living standards· Prices & consumption· Intergenerational Centre Consuming forces: generational living standards measured through household consumption 30 September 2017 by Laura Gardiner and Donald Hirsch and Laura Valadez-Martinez This report sheds further light on living standards across generations by considering levels and patterns of expenditure for working-age households in detail. It explores changes over time for different age and income groups. READ MORE
Pensions & savings· Wealth & assets· Housing· Intergenerational Centre The generation of wealth: asset accumulation across and within cohorts 20 June 2017 by Conor D’Arcy and Laura Gardiner Family wealth in 21st Century Britain is huge and growing, rising from £9.9 trillion before the financial crisis to over £11 trillion in the most recent data – more than six times our national income. Significant increases have come from house price rises in the 1990s and 2000s, followed by major growth in private pension wealth more … Continued READ MORE
Budgets & fiscal events· Public spending· Economy and public finances Are we nearly there yet? Spring Budget 2017 and the 15 year squeeze on family and public finances 9 March 2017 by Matthew Whittaker and Stephen Clarke and Adam Corlett and David Finch and Laura Gardiner and Kathleen Henehan and Daniel Tomlinson Resolution Foundation’s overnight briefing on the 2017 Spring Budget. READ MORE
Labour market· Skills· Pay· Intergenerational Centre Study, Work, Progress, Repeat? How and why pay and progression outcomes have differed across cohorts 23 February 2017 by Laura Gardiner and Paul Gregg This paper is the fifth report for the Intergenerational Commission, which was launched in the summer of 2016 to explore questions of intergenerational fairness that are currently rising up the agenda and make recommendations for repairing the intergenerational social contract. It attempts to understand the concerning finding that millennials who have entered work so far … Continued READ MORE
Labour Market Outlook· Labour market· Pay The RF Earnings Outlook Q3 2016 21 December 2016 by Laura Gardiner and Torsten Bell Two big 2016 events dominate our view of the labour market and likely developments in the coming years – the introduction of the National Living Wage (NLW) in April, and the result of the EU referendum in June. This final Earnings Outlook of the year – capturing data up to Q3 – provides an opportunity … Continued READ MORE
Budgets & fiscal events· Public spending· Economy and public finances Bending the rules: Autumn Statement response 24 November 2016 by Adam Corlett and David Finch and Laura Gardiner and Matthew Whittaker Our morning after briefing for Autumn Statement 2016. READ MORE
Living standards· Demographics· Intergenerational Centre· Political parties and elections Votey McVoteface: Understanding the growing turnout gap between the generations 23 September 2016 by Laura Gardiner Renewing the intergenerational contract relies on broad engagement in the democratic process across the generations. This is not least the case because any new policy agenda will require public support, in order for democratically-elected politicians to pursue it. In this light, the generational turnout gap that has opened up since the mid-1990s – and was … Continued READ MORE
Social care· Low pay· Labour market· Pay Rising to the challenge: early evidence on the introduction of the National Living Wage in the social care sector 30 August 2016 by Laura Gardiner While broadly welcomed by business, the introduction of the National Living Wage (NLW) – the new higher minimum wage for workers aged 25 and over – has sparked some concerns about affordability and prompted discussions around likely employment responses – especially in lower-paying sectors where the wage increase is set to bite hardest. It will … Continued READ MORE
Labour Market Outlook· Labour market· Pay The RF Earnings Outlook Q1 2016 15 August 2016 by Laura Gardiner Overshadowing the latest outturn data for the labour market, and our picture of the UK economy more widely, is the UK’s decision to leave the EU. It will take some time before the effects of this decision make themselves felt in the hard economic data, but a detailed look at the pre-referendum jobs market can … Continued READ MORE
Living standards· Intergenerational Centre Stagnation Generation: the case for renewing the intergenerational contract 18 June 2016 by Laura Gardiner Just like families, states and societies are underpinned by a social contract between the generations – collectively supporting each of us through the stages of our lives, and crucially doing so fairly. But this contract looks at risk of fraying. Even before the EU referendum result highlighted big differences between the generations, with the under … Continued READ MORE
Labour market Retention deficit: a new approach to boosting employment for people with health problems and disabilities 7 June 2016 by Laura Gardiner and Declan Gaffney The government has positioned halving the disability employment gap as a central challenge for the UK labour market. To make significant progress on this ambition, a comprehensive set of changes will be needed, alongside a cultural shift in how we view the connections between disability, health and employment in this country. The Green Paper on … Continued READ MORE
Labour Market Outlook· Labour market· Pay The RF Earnings Outlook Q4 2015 18 April 2016 by Laura Gardiner In terms of measured jobs market performance and the broader earnings picture, the key recent change has been a gloomier view on productivity, due both to poor Q4 outturns and in particular the downward forecast revisions at last month’s Budget. The productivity disappointment has been mirrored in more muted real average weekly earnings growth. The latest … Continued READ MORE
Labour market The road to full employment: what the journey looks like and how to make progress 3 March 2016 by Paul Gregg and Laura Gardiner ‘Full employment’, for so long considered an unreachable relic of a bygone age, is back on the agenda. That it is once again part of economic and political debates is testament to the UK’s remarkably strong employment performance in recent years. A record-high employment rate is something few people would have thought possible this soon … Continued READ MORE
Labour Market Outlook· Labour market· Pay The RF Earnings Outlook Q3 2015 15 December 2015 by Laura Gardiner The publication last month of the most reliable and comprehensive source on earnings presented a more muted picture of the early stages of the pay recovery than the more timely monthly series had indicated. More encouraging was the information below the headlines, particularly the fact that the recovery was strongest among the lowest earners. In … Continued READ MORE
Low pay· Labour market· Pay Care to pay? Meeting the challenge of paying the National Living Wage in social care 12 November 2015 by Laura Gardiner The announcement of the National Living Wage is extremely welcome news for care workers, spelling a pay rise for up to 1 million of them by 2020 and having a significant impact on household budgets. Other recent developments have the potential to spur further improvements for a workforce that is poorly paid and faces casualised … Continued READ MORE
Labour Market Outlook· Pay The RF Earnings Outlook Q2 2015 12 October 2015 by Laura Gardiner Recent instalments of labour market data have painted a picture of steady but unspectacular growth in nominal wages, combined with zero inflation, producing real average weekly earnings growth above the pre-crisis trend. Labour productivity has started to rise but is essentially unchanged from its 2008 level, fuelling concerns that the pay recovery may prove short-lived … Continued READ MORE
Low pay· Pay Low Pay Britain 2015 5 October 2015 by Adam Corlett and Laura Gardiner This is our fifth annual report on the prevalence of low pay in Britain. It uses the latest data available (2014) to map out the scale of low pay and the groups that are most affected. It shows how this has changed over recent decades and looks at what the coming years might hold, particularly … Continued READ MORE
Low pay· Pay Higher ground: who gains from the National Living Wage? 2 September 2015 by Conor D’Arcy and Adam Corlett and Laura Gardiner In this note, the first in a series looking at the opportunities and challenges associated with the National Living Wage, we focus specifically on who stands to gain. Which groups of workers will benefit, and by how much? And how does this wage legislation interact with the tax and benefits system, and therefore household incomes? … Continued READ MORE
Labour market A steady job? The UK’s record on labour market security and stability since the millennium 28 July 2015 by Paul Gregg and Laura Gardiner The story on pay is well-established but other aspects of job quality are less routinely measured. Therefore, in this note we return to some commonly-used broad measures of job security and stability, in particular to understand developments over the past two decades and how experiences have differed across genders and the generations. READ MORE
Labour market Looking through the hourglass: hollowing out of the UK jobs market pre- and post-crisis 23 March 2015 by Laura Gardiner and Adam Corlett A large and growing body of research details the ‘hollowing out’ of developed labour markets (the relative decline of mid-skilled jobs and expansion of low- and high-skilled jobs) from the 1970s to the 2008-09 recession. Previous Resolution Foundation research (Plunkett & Pessoa, 2013) confirmed that these trends continued in the UK in the early years of … Continued READ MORE
Pay Who’s been getting a pay rise? 12 March 2015 by Laura Gardiner In this briefing we have attempted to provide some clarity on the recent debate – which has been a prominent feature of public narrative on the labour market – on the extent to which employees who remain in their jobs from one year to the next have experienced real pay rises. We have described the … Continued READ MORE
Social care· Pay· Living Wage As if we cared: the costs and benefits of a living wage for social care workers 3 March 2015 by Laura Gardiner and Dr Shereen Hussein This report is the culmination of a year-long investigation into pay and conditions in social care, and the first authoritative study of the costs and benefits of moving to a living wage for all care workers. The report argues that pervasive low pay across the sector and tight budget constraints facing care providers means that paying … Continued READ MORE
