To Leave or Not to Leave : The Distribution of Bequest Motives

@inproceedings{Kopczuk2006ToLO,
  title={To Leave or Not to Leave : The Distribution of Bequest Motives},
  author={Wojciech Kopczuk},
  year={2006}
}
  • Wojciech Kopczuk
  • Published 2006
In this paper, we examine the effect of observed and unobserved heterogeneity in the desire to die with positive net worth. Using a structural life-cycle model nested in a switching regression with unknown sample separation, we find that roughly three-fourths of the elderly single population has a bequest motive that may or may not have an appreciable effect on spending depending on the level of resources. Both the presence and the magnitude of the bequest motive are statistically and… CONTINUE READING