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 …

the assistance provided to the parent by her adult children. The first stage determines the living arrangement: the parent …

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 …

affect child schooling by focusing on young school-age children who are otherwise not active in the labor market. Using micro … percentage points higher schooling probability for children between the ages of 7 and 10. This result explains approximately 26 …

In 1998 the Norwegian government introduced a program that increased parents’ incentives to stay home with children … under the age of three. Many eligible children had older siblings, and we investigate how this program affected long … not by changes in family income or father’s labor force participation …

We review the empirical literature that estimates the causal effect of parent’s schooling on child’s schooling, and …