Buy this book
![Loading indicator](/images/ajax-loader-bar.gif)
"In this paper, we examine the effect of observed and unobserved heterogeneity in the desire to die with positive net worth. Using a structural life-cycle model nested in a switching regression with unknown sample separation, we find that roughly 70 percent of the elderly single population has a bequest motive that may or may not be active depending on the level of resources at a given age. Both the presence and the magnitude of the bequest motive are statistically and economically significant. All else being equal, households with an operative bequest motive spend between $4,000 and $9,000 a year less on consumption expenditures on average. We conclude that, among the elderly single households in our sample, approximately half of bequeathed wealth will be due to a bequest motive"--Federal Reserve Board web site.
Buy this book
![Loading indicator](/images/ajax-loader-bar.gif)
Showing 2 featured editions. View all 2 editions?
Edition | Availability |
---|---|
1
To leave or not to leave: the distribution of bequest motives
2005, National Bureau of Economic Research
in English
|
zzzz
Libraries near you:
WorldCat
|
2
To leave or not to leave: the distribution of bequest motives
2004, Federal Reserve Board
Electronic resource
in English
|
aaaa
|
Book Details
Edition Notes
Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 6/29/2004.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
Classifications
The Physical Object
ID Numbers
Community Reviews (0)
Feedback?December 11, 2020 | Edited by MARC Bot | import existing book |
November 27, 2012 | Edited by raj | Reverted spam |
November 23, 2012 | Edited by 188.190.124.68 | Edited without comment. |
December 3, 2010 | Edited by Open Library Bot | Added subjects from MARC records. |
December 10, 2009 | Created by WorkBot | add works page |