The Effect of Inheritance Receipt on Retirement

Brown, Jeffrey R.; Coile, Courtney; Weisbenner, Scott J.

doi:10.3386/w12386

Cited by 47 publications

(66 citation statements)

References 6 publications

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“…A similar correlation between inheritance and retirement was found in a study by Brown et al (2010). This observation might reflect international differences in the prevalence of heirs and in retirement ages (Table A2).…”

Section: The Datasupporting

confidence: 85%

How Inheriting Affects Bequest Plans

Stark

Nicińska

2015

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may ABSTRACTWe present and test the idea that bequest planning is linked with the experience of inheriting.We consider "a family tradition of bequeathing" as a channel through which the intention to bequeath is moulded by and is positively correlated with the experience of inheriting. Using data from the Survey on Health, Ageing and Retirement in Europe (SHARE), we find that the experience of inheriting enhances the intention to bequeath, independently of the positive impact of wealth. We also find that the expectation of inheriting has a positive impact on the intention to bequeath, controlling for the expected increase in wealth on account of future inheritances.

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Section: The Datasupporting

confidence: 85%

How Inheriting Affects Bequest Plans

Stark

Nicińska

2015

SSRN Journal

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“…However, the implied responses are quantitatively smaller. 64 There is a literature studying the effects of inheritances on labor supply (e.g., Holtz-Eakin et al 1993;Brown et al 2010;Elinder et al 2012;Bø et al 2016). These studies generally find that inheritances lead to reductions in labor income and earnings as well as increased probability of retirement.…”

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confidence: 99%

Health responses to a wealth shock: evidence from a Swedish tax reform

Erixson

2017

J Popul Econ

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This paper makes two contributions to the literature on the effects of wealth on health. First, it deals with reverse causality and omitted variable bias by exploiting exogenous variation in inherited wealth generated by the repeal of the Swedish inheritance tax. Second, it analyzes responses in health outcomes through the use of administrative registers. The results show that increased wealth has limited short to medium run impacts on objective adult health. This is in line with what has previously been reported in the literature.

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“…Brown et al [11] provide new evidence on how wealth shocks influence retirement behaviour; inheritance is associated with a significant increase of the probability of retirement. Bloeman [12] empirically analyzed the effect of wealth on the retirement and concluded that there is a positive effect of wealth on early retirement.…”

Section: Introductionmentioning

confidence: 99%

Impact of Inheritance and Housing Wealth on Retirement Decision

Amedah¹,

Fougère²

2017

JSS

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This paper proposes to find how wealth shocks such as inheritances and housing wealth impact retirement behaviour using cross-sectional micro data from the Canadian Survey of Financial Security. Estimation of wealth impact on retirement decision is challenging since wealth and retirement decision may be endogenously determined. We found no evidence that housing wealth impacts retirement decision suggesting that individuals are correctly anticipating future housing wealth and adjusting their labour market behaviour accordingly. However, the data supports the hypothesis that receiving an inheritance significantly increases the retirement hazard, which may indicate the existence of some financial constraints.

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The Effect of Inheritance Receipt on Retirement

Cited by 47 publications

References 6 publications

How Inheriting Affects Bequest Plans

How Inheriting Affects Bequest Plans

Health responses to a wealth shock: evidence from a Swedish tax reform

Impact of Inheritance and Housing Wealth on Retirement Decision

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