Description
Book SynopsisArguing that parental actions are important sources of wealth inequality, this book examines the transmission of economic status from one generation to another by constructing a model of parental preferences. It offers evidence on the intergenerational transfer of consumption, earnings and wealth.
Table of ContentsList of Illustrations List of Tables Acknowledgments 1: The Argument for Parental Priorities 2: Indifference Curve Diagrams as Models of Parental Priorities 3: Two Models of Opportunity and Intergenerational Mobility 4: How Altruism Is Influenced by Economic Status 5: Taxation and Intergenerational Mobility in the Three Models 6: The Evolution of Economic Inequality in the United States 7: The Intergenerational Dynamics of Consumption, Earnings, Income, and Wealth 8: Borrowing Constraints and the Persistence of Inequality 9: The Biological Origins of Altruism 10: Classical Discussions of Altruism 11: Intergenerational Altruism and Inequality within the Family 12: Altruism and Giving beyond the Family 13: Altruism and the Principal-Agent Problem 14: Conclusions A Guide to Mathematical Notation References Index
