Inheritances and Bequests
Important strides have been made in recent years in our understanding of the process of wealth accumulation. This paper uses data on planned bequests and acutal 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-cycle that are most relevant for bequest behavior.
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