The Role of Intergenerational Transfers in Aggregate Capital Accumulation
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This paper uses historicaI U.S. data to directly estimate the contribution of intergenerational transfers to aggregate capital accumulation. The evidence presented indicates that intergenerational transfers account for the vast majority of aggregate U.S. capital formation; only a negligible fraction
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美国国家经济研究局创建时间：
1980-02-01
