. Our first main result is that the more the heir inherits, the lower her labor income becomes. This labor supply effect … transfer. Our second main result is that the more the heir inherits, the higher her capital income becomes. This savings effect …

comprehensive evidence of the unintended consequences for child development of the Earned Income Tax Credit expansions during the …-off between the income effect (economic resources) and the substitution effect (time and quality of the parent-child interactions …