Transfers, bequests and human capital Investment in children over the lifecycle

نویسندگان

  • Cormac O'Dea
  • Bibek Basnet
چکیده

Parental investments in children can take many forms. It can involve time investments during childhood and adolescence that aid child development, educational investments that improve school quality and hence educational outcomes and cash investments in the form of transfers and bequests. The aim of this paper is to investigate the quantitative significance of these types of investments in driving inequalities over the lifecycle.

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Should Transfers to Poor Families be Conditional on School Attendance? A Household Bargaining Perspective∗

This paper considers the welfare implications of transfers to poor families that are conditional on school attendance and other forms of investment on their children’s human capital. Family decisions are assumed to be the result of (generalized) Nash bargaining between the two parents. We show that, as long as bequests are zero, conditional transfers are better for children than unconditional t...

متن کامل

Determinants of intergenerational transfers between elderly parents and adult children in the city of Tehran

Intergenerational private transfers as a component of intergenerational relations, defined as exchang of financial and nonfinancial rsources between different generations in the family. Financial transfers are known as supply of lifeycle deficit in the old and young ages and an important factor to fullfill needs in these stages of lifecycle. The aim of the study is to recognize composition of f...

متن کامل

Optimal Private Responses to Demographic Trends: Savings, Bequests and International Mobility

The paper examines the implications of population ageing in an environment of increasingly mobile capital and labour. I first present three benchmark models for world savings, capital-output ratios and returns to capital and then examine their relevance for the world economy and their policy implications. The mechanics of capital deepening triggered by declining birth rates are presented in a S...

متن کامل

The Intergenerational Wealth Effects of the Social Security Notch ∗

This paper investigates the role of parental retirement wealth in determining offspring wealth. We examine a prominent policy change to Social Security benefit determination, the Notch, in which a handful of birth cohorts received higher benefits relative to neighboring cohorts. Using multiple datasets, we find that the effect of the policy change on the wealth distribution of the children of a...

متن کامل

Beggar-thy-parents? A Lifecycle Model of Intergenerational Altruism

This paper constructs a life-cycle model with intergenerational linkages to study wealth transfers between parents and children. Households are subject to stochastic earnings, and parents care about their children. While the parents are of working age, the utility of the children’s consumption enters the utility of the parents. In addition, when they die, parents like to leave bequests to their...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

عنوان ژورنال:

دوره   شماره 

صفحات  -

تاریخ انتشار 2017