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Inheritance and Saving / David Joulfaian.
- Format:
- Book
- Author/Creator:
- Joulfaian, David.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w12569.
- NBER working paper series no. w12569
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2006.
- Summary:
- This paper explores the effects of inheritances on the saving of recipients. Information on inheritances and heirs is obtained from estate tax records of decedents which are linked to the income tax records of beneficiaries. The observed pattern of wealth mobility within two years of the receipt of inheritances and multivariate analyses show that wealth increases by less than the full amount of the inheritance received. Similarly, and consistent with previous findings, large inheritances are found to depress labor force participation.
- Notes:
- Print version record
- October 2006.
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