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This paper provides new insights on the effect of inheritance receipt on retirement. We build on lifelong information …
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differences, but inheritance is also widely recognised as playing a major role, especially at the upper end of the wealth range. A … the results of studies that assess the contributions of inheritance and lifecycle factors, and give attention also to a …
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Welfare States do not insure citizens against the risk of premature death, i.e., the risk of having a short life. Using a dynamic OLG model with risky lifetime, this paper compares two insurance devices reducing well-being volatility due to the risk of early death: (i) an ante-mortem age-based...
Persistent link: https://www.econbiz.de/10014432194
This paper examines long-term trends in aggregate wealth and inheritance and in their distributions, focusing on …
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