Brown, Jeffrey Robert; Coile, Courtney; Weisbenner, Scott J. - National Bureau of Economic Research (NBER) - 2006
This paper uses the receipt of an inheritance to measure the effect of wealth shocks on retirement. Using the Health … and Retirement Study (HRS), we first document that inheritance receipt is common among older workers %u2013 one in five … receipt is associated with a significant increase in the probability of retirement. In particular, we find that receiving an …