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Subjective Inheritance Expectations and Economic Outcomes

Stefania Basiglio (), Mariacristina Rossi () and Arthur van Soest ()
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Stefania Basiglio: Faculty of Law, University of Trento, Italy

No 62, Working papers from Department of Economics and Statistics (Dipartimento di Scienze Economico-Sociali e Matematico-Statistiche), University of Torino

Abstract: In 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.

Keywords: Subjective expectations; Savings; Inheritance. (search for similar items in EconPapers)
JEL-codes: D14 D84 D91 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eur and nep-lma
Date: 2019-04
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http://www.bemservizi.unito.it/repec/tur/wpapnw/m62.pdf First version, 2019 (application/pdf)

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