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Each year parents transfer a great deal of money to their adult children. While intuition might suggest that these transfers are altruistic and made out of concern for the well-being of the children, empirical tests of the model have consistently yielded negative results. However, an important...
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This paper develops a theory of intergenerational exchange for generations that are either selfish or have non …-dynastic altruism. The main building blocks of the theory are forward and backward intergenerational goods (FIGs and BIGs) and the …
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Communities supported by World Bank rural development projects often cite support for the development of income-generating activities (IGAs) as a critical need. This note identifies some of the core problems encountered by Bank task teams that attempt to respond to this need, outlines the issues...
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