We examine how wealth shocks, in the form of inheritances, affect the mortality rates, health status and health …

This paper investigates whether subjective expectations about future mortality affect consumption and bequests motives … involuntary or accidental. Moreover, parameter estimates using subjective mortality risk perform better in predicting out …-of-sample wealth levels than estimates using life table mortality risks, suggesting that decisions about consumption and saving are …

death. However, there is little evidence of an inheritance "boom." In fact, from 1989 to 2007, the share of households in …

migration during the Age of Mass Migration (1850-1913), a time when the US maintained an open border to European immigrants. We … do so by exploiting variation in parental wealth and in expected inheritance by birth order, gender composition of … siblings, and region. We find that wealth discouraged migration in this era, suggesting that the poor could be more likely to …

generations, and suggests that inheritance rather than estate tax is better suited to implement the corresponding policy …