Inheritances and Bequests
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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