Subjective inheritance expectations and economic outcomes

Stefania Basiglio, Mariacristina Rossi and Arthur van Soest
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Stefania Basiglio: University of Trento
Arthur van Soest: Tilburg University

No 190, CeRP Working Papers from Center for Research on Pensions and Welfare Policies, Turin (Italy)

Abstract: n this paper we investigate whether and to what extent inheritance expectations act as a driver of economic choices. We use the DHS dataset merged with a specific module on subjective probabilities on inheritance receiving and its amount foreseen in the next ten years. Hence, 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 appear to matter also in the enhancement of the intention to bequeath and in future work versus leisure choices.

Pages: 38 pages
Date: 2019-05
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Related works:
Journal Article: Subjective Inheritance Expectations and Economic Outcomes (2023)
Working Paper: Subjective Inheritance Expectations and Economic Outcomes (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:crp:wpaper:190

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