Inheritances and Bequest Planning: Evidence from the Survey of Consumer Finances

Dale R. DeBoer () and Edward C. Hoang ()
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Dale R. DeBoer: University of Colorado Colorado Springs
Edward C. Hoang: University of Colorado Colorado Springs

Journal of Family and Economic Issues, 2017, vol. 38, issue 1, No 4, 45-56

Abstract: Abstract Using data from the Survey of Consumer Finances, this paper documented the positive correlation between the receipt of an inheritance and the expectation of leaving a bequest. Inheritance recipients were found to have a higher probability of planning to leave a bequest relative to households that had not received an inheritance. Conditional on having already received an inheritance, the likelihood of expecting to leave a bequest was even larger for households that anticipated to receive an inheritance in the future. The findings in this paper suggest that inheritances already received or expected to be received may be an important transmission mechanism underlying the bequest motive.

Keywords: Inheritance; Bequest; Wealth (search for similar items in EconPapers)
JEL-codes: D14 D31 E24 F31 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (6)

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DOI: 10.1007/s10834-016-9509-0

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