Should inter-generational relations be seen as a conflict or a collaboration? What are the drivers behind the transmission of wealth within families? Should the welfare state focus its priorities on the beginning or the end of life, on education or on retirement? This book on the economy of intergenerational ties gives an overview from three angles: the state, the family, and the interactions between family and state. Beyond the ideological divides, economist André Masson sheds light on the challenging reforms required in a country with an ageing population, and analyses the future prospects of the welfare state.