Raising children takes both time and money. Scholars have sought convincing ways to capture the costs of children, but even when these estimates include indirect costs, such as mothers' foregone earnings, they fall short of the true time costs involved. This paper uses data from the 1997...

We present the first estimates of intergenerational wealth correlation for Australia, using HILDA. The rank correlation varies greatly by child age when wealth is observed, from 0.1 before age 30, to 0.5 after age 40. Most children in our estimation sample are young. For these children overall,...

We present the first estimates of intergenerational wealth correlation for Australia, using HILDA. The rank correlation varies greatly by child age when wealth is observed, from 0.1 before age 30, to 0.5 after age 40. Most children in our estimation sample are young. For these children overall,...