Households hold vastly heterogenous amounts of wealth when they reach retirement, and differences in lifetime earnings explain only part of this variation. This paper studies the role of intergenerational transmission of ability, voluntary bequest motives, and the recipiency of accidental and...

Illegal land subdivision in developing countries as well as in the Eastern and Southern Europe has been a major feature of urbanisation. This type of development accommodates significant number of population who cannot meet their housing needs in the formal market. The residents of these areas...

The author considers the issues of normative regulation in the taxation of income obtained by taxpayers-residents from the sale of inherited property in the countries-participants of the Customs Union and Ukraine. Notes the existence of different tax approaches to the taxation of income from the...

On January 1, 2013 Congress avoided the tax part of the so called “fiscal cliff” when it passed the American Taxpayer Relief Act of 2012 (ATRA). Among its many impacts this law prevented the application of a number of sunset provisions that would have dramatically altered the operation of...

By running an experiment among Germans collecting their passports or ID cards in the citizen centers of Berlin, we find that individuals with an East German family background cheat significantly more on an abstract task than those with a West German family background. The longer individuals were...