This paper compares the age-wealth distribution produced in life-cycle economies to the
corresponding distribution in the US economy. The idea is to calibrate the model economies …

This paper investigates the role in household wealth accumulation of saving for bequests. It
employs data from a 1988 survey of TIAA-CREF annuitants designed to measure pension …

Recent evidence shows that homeownership rates among young households have declined
substantially since the mid-1980s. Although late household formation and the increasing …

Evidence suggests that the vast majority of planned altruistic transfers between generations
are human capital investments in children (households are generally bequest-constrained) …

This article examines a new set of historical microdata for insights on the wealth of the Irish
in late-nineteenth-century Ontario. Regression analysis is used to determine whether or not …

In this paper I will examine both the theoretical and empirical roles the family plays in the
formation of its offsprings' earnings and income capacity. The family generally influences a …

This paper examines the problem of choosing optimal resource consumption from an
imperfectly observable aggregate capital, wealth or resource stock which the decision …

This paper generalizes the Kotlikqff type generational accounting notion of generational
imbalance to include net private intergenerational transfers. The Kotlikqff identities are seen …

In this study, I examine empirically intergenerational linkage in terms of resources transfers
in the extended family. In particular, conditional on a household's and its parents'(or …

These two quotes clearly represent dramatically different perspectives on how individuals
view bequests. The question of which view provides a more accurate representation of …