For an economy with altruistic parents facing productivity shocks, the optimal estate taxation is progressive …: fortunate parents should face lower net returns on their inheritances. This progressivity reflects optimal mean reversion in …

out in Baumrind 1967). Parents maximize an objective function that combines Beckerian altruism and paternalism towards …

We discuss a simple model of intergenerational transfers with one-sided altruism: parents care about their child but … the child does not reciprocate. Parents and children make investments in the child's education, investments for other … purposes, and parents can transfer cash to their child. We show that for an identifiable set of parent-child pairs, parents …

altruism. We show that a wide range of results are possible, from positive taxes to subsidies, depending on redistributive …

teenagers do not. The evidence is strongly consistent with the child-cycle pattern. Thus, while altruism drives some giving, the …

daughters' socioeconomic outcomes and those of their biological and rearing parents. Our analysis focuses on children raised in … six different family circumstances: raised by both biological parents, raised by the biological mother without a … the biological father with a stepmother, and raised by two adoptive parents. Relative to the existing literature, the most …

relationship between very specific inputs of time by parents and later achievements of children …

We document a strong correlation in the brand of automobile chosen by parents and their adult children, using data from … the Panel Study of Income Dynamics. This correlation could represent transmission of brand preferences across generations …