Horioka, Charles; Gahramanov, Emin; Hayat, Aziz; Tang, Xueli - 2020
or exchange bequest motive work less at the extensive margin (i.e., retire earlier) than those without any bequest motive … bequest motive work more at the intensive margin than those without any bequest motive but that respondents with a strategic … empirical findings are consistent with our theoretical model and show that respondents with an altruistic or strategic/exchange …