Tag: intergenerational wealth

two women talking

Robin Valentine with son, Alexander, and daughter Alanna. There is joy in owning one’s first home. But homeownership has a deeper meaning for Robin Valentine. Unlike her late mother, who was unable to leave any money to her children, Valentine will one day pass on the house that she purchased last September to her thr…

Working together on their budget

Abstract The goal of this paper is to carefully document the characteristics of within-family monetary transfers in the United States, using all nine waves of the Health and Retirement Study (HRS). The main purpose of doing so is to summarize the relevant moments that can be used as calibration targets by macro studies. As of…