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Subjective Inheritance Expectations and Economic Outcomes

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  • Stefania Basiglio
  • Maria Cristina Rossi
  • Arthur van Soest

Abstract

In this paper we investigate whether and to what extent inheritance expectations act as a driver of economic choices. We use survey data that are representative of the Dutch adult population with a specific module on subjective probabilities on receiving an inheritance and its amount in the next 10 years. We analyze whether the expected inheritance acts as a deterrent to saving. Results suggest that individuals perceive the expected inheritances as a potential increase of personal wealth, which leads to a reduction in savings. Expectations also appear to matter for the intentions to bequeath and for intended choices on work versus leisure in the future.

Suggested Citation

  • Stefania Basiglio & Maria Cristina Rossi & Arthur van Soest, 2023. "Subjective Inheritance Expectations and Economic Outcomes," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 69(4), pages 1088-1113, December.
    • Handle: RePEc:bla:revinw:v:69:y:2023:i:4:p:1088-1113
    DOI: 10.1111/roiw.12621
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