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Inheritances and Bequests

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  • James P. Smith

    (RAND)

Abstract

This paper uses data on planned bequests and actual inheritances received from the recently fielded Health and Retirement Survey (HRS) and Asset and Health Dynamics of the Oldest Old (AHEAD). Combined these two surveys span the mature and older ages in the life-dycle that are most relevant for bequest behavior. The availability of this data offers another important option to help us understand why so many households have little intention of bequeathing any financial inheritance while so many other American households leave so much.

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File URL: http://128.118.178.162/eps/lab/papers/0408/0408012.pdf
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Bibliographic Info

Paper provided by EconWPA in its series Labor and Demography with number 0408012.

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Length: 42 pages
Date of creation: 16 Aug 2004
Date of revision:
Handle: RePEc:wpa:wuwpla:0408012

Note: Type of Document - pdf; pages: 42
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Web page: http://128.118.178.162

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Cited by:
  1. Juster, F. Thomas & Smith, James P. & Stafford, Frank, 1999. "The measurement and structure of household wealth," Labour Economics, Elsevier, vol. 6(2), pages 253-275, June.
  2. John J. McArdle & James P. Smith & Robert Willis, 2009. "Cognition and Economic Outcomes in the Health and Retirement Survey," NBER Working Papers 15266, National Bureau of Economic Research, Inc.
  3. James P. Smith, 1999. "Healthy Bodies and Thick Wallets: The Dual Relation between Health and Economic Status," Journal of Economic Perspectives, American Economic Association, vol. 13(2), pages 145-166, Spring.
  4. Karen E. Dynan & Jonathan Skinner & Stephen P. Zeldes, 2000. "Do the rich save more?," Finance and Economics Discussion Series 2000-52, Board of Governors of the Federal Reserve System (U.S.).
  5. James P. Smith & John J. McArdle & Robert Willis, 2010. "Financial Decision Making and Cognition in a Family Context," Economic Journal, Royal Economic Society, vol. 120(548), pages F363-F380, November.
  6. Lee Lillard & Robert J. Willis, 2001. "Cognition and Wealth: The Importance of Probabilistic Thinking," Working Papers wp007, University of Michigan, Michigan Retirement Research Center.

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