How much of income inequality is due to initial opportunities relative to adult income risk? What factors determine intergenerational mobility? We study these questions with particular interest in the impact of two family choices: fertility and transfers. Fertility rates, which are higher for...

Poor families have more children and transfer less resources to them. This suggests that family decisions about fertility and transfers dampen intergenerational mobility. To evaluate the quantitative importance of this mechanism, we extend the standard heterogeneous agent life cycle model with...

Previous literature has shown that attitudes and preferences are intergenerationally transmitted from parents to their children. We contribute to this literature by analyzing whether gender role attitudes are also transmitted across cultural boundaries, i.e., from immigrants to natives. Focusing...

A model is presented that explains the mix between funded and unfunded pension systems. It turns out that total pension and the relative shares of the two systems may be explained and are determined by the population growth rate, technological growth, the time-preference discount rate, the...

The recent literature on intergenerational mobility has shown that attitudes and preferences are an important pathway for the intergenerational transmission of economic outcomes. We contribute to this literature by documenting that intergenerationally transmitted gender role attitudes also...

Structural transformation in rural Viet Nam has led to rising incomes and a diversification of livelihoods away from agriculture. Using panel data on children in 2,181 rural households surveyed over the 2008-14 period, we examine how the welfare of children has been impacted by structural...

With a representative survey of 1,214 participants conducted in early 2022, this study investigates the impact of the COVID-19 pandemic on marriage and childbirth in Iran. The results of the empirical investigation using logistic regressions suggest that the experience of unemployment due to the...