Unequal bequests:
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
München
CESifo
2015
|
| Series: | CESifo working paper
5202 : Category 4, Labour markets |
| Links: | https://www.cesifo.org/DocDL/cesifo1_wp5202.pdf |
| Physical Description: | 1 Online-Ressource (55 S.) graph. Darst. |
| Format: | . - Acrobat Reader |
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| 490 | 1 | |a CESifo working paper |v 5202 : Category 4, Labour markets | |
| 520 | 1 | |a Using data from the Health and Retirement Study (HRS), we make two contributions to the literature on end-of-life transfers. First, we show that unequal bequests are much more common than generally recognized, with one-third of parents with wills planning to divide their estates unequally among their children. These plans for unequal division are particularly concentrated in complex families, that is, families with stepchildren and families with genetic children with whom the parent has had no contact (e.g., children from previous marriages). We find that in complex families past and current contact between parents and children reduces or eliminates unequal bequests. Second, although the literature focuses on the bequest intentions of parents who have made wills, we find that many elderly Americans have not made wills. Although the probability of having a will increases with age, 30 percent of HRS respondents aged 70 and over have no wills. Of HRS respondents who died between 1995 and 2010, 38 percent died intestate (i.e., without wills). Thus, focusing exclusively on the bequest intentions of parents who have made wills provides an incomplete and misleading picture of end-of-life transfers. | |
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| 700 | 1 | |a Tabasso, Domenico |e Verfasser |0 (DE-588)1075651093 |4 aut | |
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Record in the Search Index
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| author | Francesconi, Marco Pollak, Robert A. 1938- Tabasso, Domenico |
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| id | DE-604.BV042916072 |
| illustrated | Illustrated |
| indexdate | 2024-12-20T17:23:11Z |
| institution | BVB |
| language | English |
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| physical | 1 Online-Ressource (55 S.) graph. Darst. |
| psigel | ebook |
| publishDate | 2015 |
| publishDateSearch | 2015 |
| publishDateSort | 2015 |
| publisher | CESifo |
| record_format | marc |
| series | CESifo working paper |
| series2 | CESifo working paper |
| spelling | Francesconi, Marco Verfasser (DE-588)122654196 aut Unequal bequests Marco Francesconi ; Robert A. Pollak ; Domenico Tabasso München CESifo 2015 1 Online-Ressource (55 S.) graph. Darst. txt rdacontent c rdamedia cr rdacarrier CESifo working paper 5202 : Category 4, Labour markets Using data from the Health and Retirement Study (HRS), we make two contributions to the literature on end-of-life transfers. First, we show that unequal bequests are much more common than generally recognized, with one-third of parents with wills planning to divide their estates unequally among their children. These plans for unequal division are particularly concentrated in complex families, that is, families with stepchildren and families with genetic children with whom the parent has had no contact (e.g., children from previous marriages). We find that in complex families past and current contact between parents and children reduces or eliminates unequal bequests. Second, although the literature focuses on the bequest intentions of parents who have made wills, we find that many elderly Americans have not made wills. Although the probability of having a will increases with age, 30 percent of HRS respondents aged 70 and over have no wills. Of HRS respondents who died between 1995 and 2010, 38 percent died intestate (i.e., without wills). Thus, focusing exclusively on the bequest intentions of parents who have made wills provides an incomplete and misleading picture of end-of-life transfers. . - Acrobat Reader Pollak, Robert A. 1938- Verfasser (DE-588)124562841 aut Tabasso, Domenico Verfasser (DE-588)1075651093 aut CESifo working paper 5202 : Category 4, Labour markets (DE-604)BV014083264 5202 https://www.cesifo.org/DocDL/cesifo1_wp5202.pdf Verlag kostenfrei Volltext |
| spellingShingle | Francesconi, Marco Pollak, Robert A. 1938- Tabasso, Domenico Unequal bequests CESifo working paper |
| title | Unequal bequests |
| title_auth | Unequal bequests |
| title_exact_search | Unequal bequests |
| title_full | Unequal bequests Marco Francesconi ; Robert A. Pollak ; Domenico Tabasso |
| title_fullStr | Unequal bequests Marco Francesconi ; Robert A. Pollak ; Domenico Tabasso |
| title_full_unstemmed | Unequal bequests Marco Francesconi ; Robert A. Pollak ; Domenico Tabasso |
| title_short | Unequal bequests |
| title_sort | unequal bequests |
| url | https://www.cesifo.org/DocDL/cesifo1_wp5202.pdf |
| volume_link | (DE-604)BV014083264 |
| work_keys_str_mv | AT francesconimarco unequalbequests AT pollakroberta unequalbequests AT tabassodomenico unequalbequests |