Housing wealth, bequests, risk aversion, and the elderly

Nadia Greenhalgh-Stanley and Reynolds, C․Lockwood

Economics Letters, 2025, vol. 251, issue C

Abstract: We find plausibly exogenous wealth shocks lead to an increase in the expected likelihood of leaving a large bequest for elderly households with lower baseline wealth, health, and risk aversion, and in increased likelihood of estate planning.

Keywords: Intended bequests; Wealth shocks; Estate planning; Pre-cautionary savings (search for similar items in EconPapers)
JEL-codes: D14 D31 D64 D91 J14 R20 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:251:y:2025:i:c:s0165176525001806

DOI: 10.1016/j.econlet.2025.112343

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