Empirical evidence suggests that parents who have themselves inherited from their own parents are more likely to leave an estate to their children even after controlling for income, wealth and education. This implies an indirect reciprocal behavior between three generations by transmitting the...

This paper examines the growth effects of an increase of capital income taxes if the additional revenue is devoted to cutting wage-related social security contributions to reduce unemployment. The analysis is carried out in an overlapping-generations model with endogenous growth, unemployment,...

This paper investigates the relationship between life expectancy and economic growth in an overlapping generations model with family altruism where private and public investments in human capital of children are the engine of endogenous growth. Consistent with recent empirical evidence, our...