the assistance provided to the parent by her adult children. The first stage determines the living arrangement: the parent …

Strong intergenerational associations in wealth have fueled a longstanding debate over why children of wealthy parents …'s accumulation of wealth and investor behavior as adults, even when removing the genetic connection between children and the parents … tend to be well off themselves. We investigate the role of family background in determining children's wealth accumulation …

care provided to their parents and education expenditures for their children. The young enjoy their education, while the … period and that parents invest in the education of their children. We show that Becker’s rotten kids theorem holds for the … old may leave a bequest to their children. Within each period the three generations play a "game" inspired by Becker …

more income elastic than public goods, as we document in the paper, an increase in income endogenously leads to smaller … number of children. -- Household size ; living arrangements ; roommates ; economies of scale ; household public goods …