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 …

intergenerational transmission of education. We test whether education transmission is higher when children enter kindergarten and …

that a public policy that disregards the effects of parental time on children's human capital entails a welfare loss that …

This paper addresses whether children's exposure to parents receiving disability benefits induces a higher probability …-age population rely on disability benefits, we find that the amount of time that children are exposed to their fathers receiving …

are generally non-negligible. They also differ rather widely for the various cohort/income groups. Our stochastic …