's treatment of children vis-a-vis adults, particularly the current elderly. The paper begins by showing that poverty rates of … children have, over the past two decades, risen dramatically while those of the elderly have fallen. Next, it shows that, over … this same time frame, the levels of consumption and income of the elderly have risen relative to those of other Americans …

rates, taking into account all major federal and state tax and transfer policies, d) evaluate the ability of current income … seems hard to reconcile with standard norms of optimal taxation. We also find that current income is a very poor proxy for …

Are smarter machines our children's friends? Or can they bring about a transfer from our relatively unskilled children … to ourselves that leaves our children and, indeed, all our descendants - worse off? …

bequests among children, are strongly at adds with the altruism model. Other explanations involving imperfect insurance …