It takes a woman and a man to make a baby. This observation suggests that for a birth to take place, both parents should agree that they are better off with another child. In this paper, we first show empirically that agreement between the parents indeed makes a birth much more likely. We then...

In this paper we argue that a capital income tax is an effective tool for redistribution and insurance even when progressive labor income taxes are available to the policy maker. To make this point we construct a large scale Overlapping Generations Model with uninsurable income risk, show that...

We construct a theory of intergenerational preference transmission that rationalizes the choice between alternative parenting styles (related to Baumrind 1967). Parents maximize an objective function that combines Beckerian and paternalistic altruism towards children. They can affect their...