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 - one in five … baseline retirement rate, over an eight-year period. Importantly, this effect is stronger when the inheritance is unexpected …

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 … baseline retirement rate, over an eight-year period. Importantly, this effect is stronger when the inheritance is unexpected …

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 -- one in five … baseline retirement rate, over an eight-year period. Importantly, this effect is stronger when the inheritance is unexpected …

This paper presents an analysis of the differential role of mortality for the optimal schooling and retirement age when … and an earlier retirement age. Second, those conditions are decomposed into a Ben-Porath mechanism and a lifetime …-human wealth effect vs. the years-to-consume effect. Finally, using US and Swedish data for cohorts born between 1890 and 2000, we …