Inheritances and Bequests

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Inheritances and Bequests

Author Info

James P. Smith (RAND)

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James P. Smith

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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Publisher 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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Paper
- Smith, J-P, 1997. "Inheritances and Bequests," Papers 97-04, RAND - Labor and Population Program.

Find related papers by JEL classification:
J - Labor and Demographic Economics

This paper has been announced in the following NEP Reports:

NEP-ALL-2004-08-23 (All new papers)

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

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. [Downloadable!] (restricted)
Karen E. Dynan & Jonathan Skinner & Stephen P. Zeldes, 2000. "Do the Rich Save More?," NBER Working Papers 7906, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
Other versions:
- 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.). [Downloadable!]
- Karen E. Dynan & Jonathan Skinner & Stephen P. Zeldes, 2004. "Do the Rich Save More?," Journal of Political Economy, University of Chicago Press, vol. 112(2), pages 397-444, April. [Downloadable!] (restricted)
Lee Lillard & Robert J. Willis, 2001. "Cognition and Wealth: The Importance of Probabilistic Thinking," Working Papers wp007, University of Michigan, Michigan Retirement Research Center. [Downloadable!]
F. Thomas Juster & James P. Smith & Frank Stafford, 2004. "The Measurement and Structure of Household Wealth," Labor and Demography 0402009, EconWPA. [Downloadable!]
Other versions:
- 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. [Downloadable!] (restricted)

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This page was last updated on 2009-11-6.

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