We examine the effects of intergenerational transfers on saving behavior by analyzing
transfers targeted to first-time home purchases. Transfer recipients have a shorter time to …

Population ageing has been the subject of much discussion in recent years, often expressed
in alarmist language that advocates evasive policy action to avert an imminent demographic …

The Bank of Italy survey of household budgets is analysed in the light of recent theories of
voluntary private transfers. A series of tests reveals that the altruistic model, the simple …

Private savings ultimately destined for intergenerational transfer, through inter vivos gifts or
bequests, account for a very substantial percentage of the US capital stock at any one time …

Using census-linked probate data from nineteenth century Ontario, this paper finds that the
age and age-squared specification used in most parametric wealth regressions to capture …

Economists are concerned with inheritance at two levels: the economywide level and the
household level. At the economywide level, the principal focus of economic research has …

A very high level of inequality in capital wealth ownership has been a persistent
characteristic of modern industrial capitalism throughout its history. It is a characteristic that …

This paper analyzes harvesting and timber bequest behavior in a two-period overlapping
generations model where the government uses site productivity, yield and inheritance …

We integrate life cycle precautionary saving and human capital investment by modeling both
activities in a single general equilibrium setting. Allowing human capital investment to …

This thesis concerns economic aspects of ageing and investigates incentives and outcomes
related to this process. The thesis is a collection of five essays. An introductory chapter …