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Inheritances and Bequests

Author

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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.

Suggested Citation

  • James P. Smith, 2004. "Inheritances and Bequests," Labor and Demography 0408012, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpla:0408012
    Note: Type of Document - pdf; pages: 42
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/lab/papers/0408/0408012.pdf
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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, 2011. "Cognition and Economic Outcomes in the Health and Retirement Survey," NBER Chapters, in: Explorations in the Economics of Aging, pages 209-233, National Bureau of Economic Research, Inc.
    3. 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.
    4. Lee Lillard & Robert J. Willis, 2001. "Cognition and Wealth: The Importance of Probabilistic Thinking," Working Papers wp007, University of Michigan, Michigan Retirement Research Center.
    5. 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.
    6. 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 363-380, November.

    More about this item

    JEL classification:

    • J - Labor and Demographic Economics

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