Households and social policies both serve as vehicles of lifecycle financing through intergenerational transfers, with working-age people as net contributors and children and the elderly as beneficiaries. However, there is a marked socialization asymmetry. Working-age people pay taxes and social...

European societies transfer more per capita resources to children than to the elderly, once we go beyond mere public transfer data and also take into account intra-household private transfers by families. Mostly, these are resources parents spend on buying goods and services for their children,...

What are the net resource transfer burdens of working-age parents and non-parents in Europe? We estimate all cash, in-kind, and time transfers of the market economy and the household economy, through both public and familial channels, for fourteen European countries in the early 2000s. We...

This article asks to what degree the association between parents’ education and sons’ earnings is mediated by various forms of sons’ human capital across eight large OECD countries. We exploit the OECD Program for the International Assessment of Adult Competencies (PIAAC) database, which...