I analyze the inter-vivos transfers and bequest decisions of 700,000 individuals during a period when the decision-maker receives negative news regarding life expectancy. The event that initiates the news is a health outcome. Expected mortality increases both the likelihood of transferring...

Rising income and wealth inequality across the developed world has prompted a renewed focus on the mechanisms driving inequality. This paper contributes to the existing literature by studying the impact from life-cycle savings, intergenerational transfers, and fertility differences between the...

This paper presents some preliminary findings about contact between the aged and their children based on a new survey of the aged and their children, entitled The Hebrew Rehabilitation Center for the Aged-NBER (HRC-NBER) Child Survey. Data on extended families is quite limited. The HRC-NBER...

Rising income and wealth inequality across the developed world has prompted a renewed focus on the mechanisms driving inequality. This paper contributes to the existing literature by studying the impact from life-cycle savings, intergenerational transfers, and fertility differences between the...

In East Asian countries, and especially in China and South Korea, parents have a significant influence on their children’s decisions. This study explores factors that affect the similarity of risk preferences between parents and their children. We conduct a field experiment with 196...

Economic theory offers interpretations of intergenerational correlations that are different from the theories of other disciplines, and have important policy implications. Our paper presents a subset of those theories, and shows how they are consistent with observed mobility patterns as they...

We introduce a software generator for a class of colored (self-correlated) and non-Gaussian noise, whose statistics and spectrum depend on two param- eters, q and τ. Inspired by Tsallis’ nonextensive formulation of statistical physics, the so-called q-distribution is a handy source of...

In Canada, immigration constitutes the primary response to population ageing. While extensive research has covered the impact of immigration on various aspects of the labour supply, the financial aspect has received less attention. In this study, we apply the National Transfer Account (NTA)...

We develop an evolutionary model to explain the spontaneous intergenerational persistence in educational attainment and income. The simulation reveals social immobility in evolutionary equilibria in a world with two social classes divided by educational attainments, but the equilibrium share of...

This paper examines the intergenerational mobility of income and earnings in Greece after the bailout programs. We employ the European Union Statistics on Income and Living Conditions survey to draw information on income in Greece from 2011 to 2019. To address the co-residence selection bias, we...