Strong intergenerational associations in wealth have fueled a longstanding debate over why children of wealthy parents … by Norwegian parents to a population panel data set with detailed information on disaggregated wealth portfolios and …'s accumulation of wealth and investor behavior as adults, even when removing the genetic connection between children and the parents …

Altruistic parents may transfer resources to their offspring by providing education, and by leaving bequests. We show … with only intended bequests, by enhancing incentives of parents to invest in their children's education. This result holds …

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 …

, this setup highlights another externality source. This is due to the effect of a parent’s choice of number and educational …) Investments in education of high- and low-ability parents must be subsidized, (ii) direct child subsidies to one or both parent … subsidies) to high-ability parents are always positive, and to low-ability parents can be positive or negative, (iv) either …

We review the empirical literature that estimates the causal effect of parent’s schooling on child’s schooling, and …