The Effect of Inheritance Receipt on Retirement

  title={The Effect of Inheritance Receipt on Retirement},
  author={J. Brown and Courtney C Coile and Scott J. Weisbenner},
  journal={The Review of Economics and Statistics},
  • J. Brown, Courtney C Coile, Scott J. Weisbenner
  • Published 2010
  • Economics
  • The Review of Economics and Statistics
  • This paper provides new evidence on how wealth shocks influence retirement behavior. Economic theory generally posits that leisure is a normal good, yet it is difficult to obtain reliable empirical estimates of the wealth effect because wealth is correlated with numerous unobservable characteristics that affect labor supply. We use inheritance receipt as a wealth shock and find that it is associated with a significant increase in the probability of retirement, especially when the inheritance is… CONTINUE READING
    72 Citations
    On the Retirement Effect of Inheritance: Heterogeneity and the Role of Risk Aversion
    • 3
    • Highly Influenced
    • PDF
    Time to Smell the Roses ? The Effect of Inheritance Receipt on Retirement
    • PDF
    The Impact of Inheritance on the Distribution of Wealth: Evidence from Great Britain
    • 24
    • PDF
    Labour Supply after Inheritances and the Role of Expectations
    • 10
    • Highly Influenced
    • PDF
    Income and substitution effects of estate taxation
    • 12
    • PDF
    Inheritance Taxation and Wealth Effects on the Labor Supply of Heirs
    • 11
    • Highly Influenced
    • PDF
    Labor Supply Effects of Wealth Shocks : Evidence for Germany ”
    • PDF