math) and does not vanish when children grow up to age 10. Conventional estimates are instead smaller because they are …

In this paper, we propose a theoretical model to study the effect of income insecurity of parents and offspring on the … child's residential choice. Parents are partially altruistic toward their children and will provide financial help to an … independent child when her income is low relative to the parents'. We show that first-order stochastic dominance (FOSD) shifts in …

The intergenerational elasticity of income is considered one of the best measures of the degree to which a society … parental investment in children and endogenous redistributive institutions, we identify the structural parameters that govern … the intergenerational elasticity of income. The model clarifies how the interaction between private and collective …