Most models of family transfers consider only two generations and focus on two motives:
altruism and exchange. They also assume perfect substitution between inter‐vivos …

Data suggest that the distribution of wealth among households in the USA and UK has
become more equal over the last century, though, at least for the USA, the pattern may have …

This paper formulates an overlapping generations model with both life-cycle saving and
altruistic bequests. For a given distribution of earning abilities, the model generates a …

Several models of economic behavior currently compete for an explanation of individual
wealth accumulation and savings patterns. In this paper we focus in particular upon the role …

This article shows that late-nineteenth-century wealth inequality was associated with rising
wealth levels supporting the existence of a Kuznets-type curve, but this curve is not …

This paper studies the effects of the imminent ageing of the population on economic growth
and the distribution of welfare in the Netherlands. It shows that with the current system of …

Extending some existing literature, this paper formalizes the idea that intergenerational
transfers occur because people care about the “characteristics”(ie quantity and quality) of …

This article shows theoretically and empirically that an aggregate Euler equation relates the
growth rate of per capita consumption to the real interest rate, the ratio of private wealth plus …

Research on the post-disruption economic well-being of women often emphasizes the role
of human capital. Asset theories suggest that ownership of tangible assets should affect the …

Abstract Almost all Law and Economic analysis evaluates legal rules solely on the basis of
the efficiency criterion with no consideration of distributive justice. Recently, the rationale for …