We use the 1988 PSID to study the effects of income and wealth on transfers of money and time between individuals and … transfers are only weakly related to income differences. Richer siblings give more to parents and receive less. Among parents … in the cross section or in the analysis using siblings that parental income or wealth raises time transfers from children …

low-income households. We use Mexico as a case study, showing that eliminating all special VAT regimes and standardizing … PVAT could be fiscally neutral or even increase revenues by up to 0.83% of GDP, while benefiting the lowest-income …-sum and capital transfers. For this purpose, we employ an overlapping generations model calibrated for Mexico. Our simulations …