Laitner, John; Juster, F Thomas - In: American Economic Review 86 (1996) 4, pp. 893-908
This paper investigates the role in household wealth accumulation of saving for bequests. It employs data from a 1988 survey of TIAA-CREF annuitants designed to measure pension and other net worth as well as lifetime earnings. About half of the households in the data plan to leave estates and...