How inheriting affects bequest plans

Oded Stark and Anna Nicińska ()

No 86, University of Tübingen Working Papers in Business and Economics from University of Tuebingen, Faculty of Economics and Social Sciences, School of Business and Economics

Abstract: We present and test the idea that bequest planning is linked with the experience of inheriting. We consider "a family tradition of bequeathing" as a channel through which the intention to bequeath is moulded by and is positively correlated with the experience of inheriting. Using data from the Survey on Health, Ageing and Retirement in Europe (SHARE), we find that the experience of inheriting enhances the intention to bequeath, independently of the positive impact of wealth. We also find that the expectation of inheriting has a positive impact on the intention to bequeath, controlling for the expected increase in wealth on account of future inheritances.

Keywords: Intergenerational transfers; Bequest behavior; Experience of inheriting; Expectation of inheriting; Intention to bequeath; Family tradition (search for similar items in EconPapers)
JEL-codes: D02 D03 D19 D64 H31 (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-age
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Citations: View citations in EconPapers (8)

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https://www.econstor.eu/bitstream/10419/121293/1/837461154.pdf (application/pdf)

Related works:
Journal Article: How Inheriting Affects Bequest Plans (2015)
Working Paper: How inheriting affects bequest plans (2015)
Working Paper: How inheriting affects bequest plans (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:tuewef:86

DOI: 10.15496/publikation-7090

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