The effect of inheritance receipt on individual labor supply: Evidence from Japanese microdata

Takeshi Niizeki and Masahiro Hori

Japan and the World Economy, 2019, vol. 49, issue C, 176-186

Abstract: This paper examines the effects of wealth on individual labor supply by considering inheritance receipts as an exogenous change in household wealth. Using Japanese microdata consisting of individuals aged 26–51, we find that (i) while men’s probability of working does not respond to inheritance receipt, women’s probability of working decreases; and (ii) in the case of most respondents the receipt of an inheritance seems to be unanticipated. We also test the unitary household model using information on respondents’ spouses. The results indicate that who received an inheritance influences the labor supply decision of each household member, meaning that we find no support for the unitary model.

Keywords: Wealth effects; Individual labor supply; Inheritance receipt; Unitary model (search for similar items in EconPapers)
JEL-codes: D13 D64 J22 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S092214251830077X
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:japwor:v:49:y:2019:i:c:p:176-186

DOI: 10.1016/j.japwor.2018.11.004

Access Statistics for this article

Japan and the World Economy is currently edited by Robert Dekle and Yasushi Hamao

More articles in Japan and the World Economy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().