Christelis, Dimitrios; Weber, Guglielmo - Centro Studi di Economia e Finanza (CSEF) - 2011
We use the subjective probabilities of bequests to be given in the future and current asset holdings, as reported in three household surveys (HRS, ELSA, and SHARE) covering thirteen countries, in order to assess whether, and to what extent, households plan to decumulate assets in old age. We...