Property transaction taxes-also known as stamp duty-are widely viewed as an inefficient form of taxation. In this paper, we examine the welfare implications of removing stamp duty in a general equilibrium overlapping generation model with heterogeneous agents. Our model features an idiosyncratic...

We examine the correlation in self-control between parents and their young-adult children. Analyzing two decades of population-representative panel data, we exploit variation in the family environment during childhood to investigate how family stress related to: i) parenting responsibilities;...