Strong intergenerational associations in wealth have fueled a longstanding debate over why children of wealthy parents …'s accumulation of wealth and investor behavior as adults, even when removing the genetic connection between children and the parents … tend to be well off themselves. We investigate the role of family background in determining children's wealth accumulation …

care provided to their parents and education expenditures for their children. The young enjoy their education, while the … period and that parents invest in the education of their children. We show that Becker's rotten kids theorem holds for the … old may leave a bequest to their children. Within each period the three generations play a "game" inspired by Becker …

This paper investigates the intergenerational transmission of preferences between parents and their children, examining … Italian households (parents with children 14-20 years of age) our analysis reveals a significant and positive correspondence … between parents' and children's preferences. The results indicate that sharing information strengthens the transmission of …

We study whether and how parents interfere paternalistically in their children's intertemporal decision-making. Based … on experiments with over 2,000 members of 610 families, we find that parents anticipate their children's present bias and … aim to mitigate it. Using a novel method to measure parental interference, we show that more than half of all parents are …

We present direct evidence on the link between children’s patience and educational-track choices years later. Combining … an incentivized patience measure of 493 primary-school children with their high-school track choices taken at least three …

To understand the socio-economic enrollment gap in university attendance, we elicit students’ beliefs about the … benefits of university education in a sample of 2,540 secondary school students. Our choice model estimates reveal that …. Students with low socio-economic status perceive pecuniary and non-pecuniary returns to be lower. Beliefs explain 48% of the …