Subjective Inheritance Expectations and Economic Outcomes

Stefania Basiglio, Mariacristina Rossi and Arthur van Soest

Review of Income and Wealth, 2023, vol. 69, issue 4, 1088-1113

Abstract: In this paper we investigate whether and to what extent inheritance expectations act as a driver of economic choices. We use survey data that are representative of the Dutch adult population with a specific module on subjective probabilities on receiving an inheritance and its amount in the next 10 years. We analyze whether the expected inheritance acts as a deterrent to saving. Results suggest that individuals perceive the expected inheritances as a potential increase of personal wealth, which leads to a reduction in savings. Expectations also appear to matter for the intentions to bequeath and for intended choices on work versus leisure in the future.

Date: 2023
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https://doi.org/10.1111/roiw.12621

Related works:
Working Paper: Subjective inheritance expectations and economic outcomes (2019)
Working Paper: Subjective Inheritance Expectations and Economic Outcomes (2019)
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