This paper provides an explanation for the observed persistence in income inequality across households in terms limited parental altruism. It is postulated that the degree of parental altruism is ‘limited’ by the financial status of the parent. [CDE WP 101].

This paper provides an explanation for the observed persistence in income inequality across households in terms limited parental altruism. We postulate that the degree of parental altruism is 'limited' by the financial status of the parent. A poor parent not only has less ability, but also has...

Available evidence suggests high intergenerational correlation of economic status, and persistent disparities in health status between the rich and the poor. This paper proposes a novel mechanism linking the two. We introduce health human capital into a two-period overlapping generations model....