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 financial …

Private interhousehold cash transfers are an important source of income in many develo**
countries. Among the countries whose experience is reviewed in the article, the proportion of …

Advanced Econometrics is both a comprehensive text for graduate students and a reference
work for econometricians. It will also be valuable to those doing statistical analysis in the …

Tobit models refer to regression models in which the range of the dependent variable is
constrained in some way. In economics, such a model was first suggested in a pioneering …

Private income transfers are becoming increasingly recognized as a key aspect of the US
economy. The majority of private income transfers occur inter vivos (ie, between living …

Although recent research suggests that intergenerational transfers play an important role in
aggregate capital accumulation, our understanding of bequest motives remains incomplete …

This paper develops a general preference model for analyzing parental allocations of
resources among their progeny. The implications fro this model for the distribution of …

In evaluating the existing theory and evidence on Ricardian equivalence, it is essential to
distinguish between the short-run effects of government borrowing (primarily the potential for …

This paper asks whether the continued accumulation, or mild dissaving, observed among
the retired can be explained by uncertain lifetime. In the absence of annuities, after an initial …

Unequal inheritance of material wealth is commonly considered a major cause of inequality
in consumption. However, theoretical models of the intergenerational transmission of …