There is a rising importance of human capital in the total capital stock of an economy. In this paper we discuss the nature of investments in children and sketch out the diverse kinds of inputs to the developmental process across different countries at selected time points. The observable inputs...

This paper examines cross-generational connections in asset ownership. It begins by presenting a theoretical framework that develops the distinction between the intergenerational transfer of knowledge about financial assets and the direct transfer of dollars from parents to children. Its...