“…Changes in fertility and rising female employment are creating ‘an enormous intergenerational funnel’ for the intergenerational transmission of wealth which is creating both winners and losers (Myles, 2002: 172) and about which we know relatively little in the UK. A growing body of evidence from other European countries testifies to the considerable volume of inter vivos transfers across family generations of money and material goods even where public support in the form of cash and services is provided by welfare states (see Attias-Donfut and Arber, 2000; Bawin-Legros, 2002; Kohli, 1999; Gulbrandsen and Langsether, 1997, 2001). In respect of care, national and cross-national studies have emphasised the major role that continues to be played in many affluent countries by informal carers, in particular by relatives, both in the care of children and elderly people (EC Childcare Network, 1996a; OECD, 2001), with up to 80 per cent of care for elderly people provided informally (Jacobzone, Cambois, Chaplain and Robine, 1998; Attias-Donfut and Segalen, 2002).…”