The Resource Bequests and Heterogeneity in Retirement Wealth, Mariacristina De Nardi, Fang Yang, (electronic resource)

Bequests and Heterogeneity in Retirement Wealth, Mariacristina De Nardi, Fang Yang, (electronic resource)

Label
Bequests and Heterogeneity in Retirement Wealth
Title
Bequests and Heterogeneity in Retirement Wealth
Statement of responsibility
Mariacristina De Nardi, Fang Yang
Creator
Contributor
Subject
Language
eng
Summary
Households hold vastly heterogenous amounts of wealth when they reach retirement, and differences in lifetime earnings explain only part of this variation. This paper studies the role of intergenerational transmission of ability, voluntary bequest motives, and the recipiency of accidental and intended bequests (both in terms of timing and size), in generating wealth dispersion at retirement, in the context of a rich quantitative model. Modeling voluntary bequests, and realistically calibrating them, not only generates more wealth dispersion at retirement and reduces the correlation between retirement wealth and lifetime income, but also generates a skewed bequest distribution that is close to the one in the observed data
Member of
http://library.link/vocab/creatorName
De Nardi, Mariacristina
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
  • Yang, Fang
  • National Bureau of Economic Research
Series statement
NBER working paper series
Series volume
no. w20058
Target audience
specialized
Label
Bequests and Heterogeneity in Retirement Wealth, Mariacristina De Nardi, Fang Yang, (electronic resource)
Instantiates
Publication
Note
April 2014
Control code
ssj0001214571
Dimensions
unknown
Form of item
online
Governing access note
Access restricted to subscribing institutions
Specific material designation
remote
System control number
(WaSeSS)ssj0001214571
System details
  • System requirements: Adobe [Acrobat] Reader required for PDF files
  • Mode of access: World Wide Web
Label
Bequests and Heterogeneity in Retirement Wealth, Mariacristina De Nardi, Fang Yang, (electronic resource)
Publication
Note
April 2014
Control code
ssj0001214571
Dimensions
unknown
Form of item
online
Governing access note
Access restricted to subscribing institutions
Specific material designation
remote
System control number
(WaSeSS)ssj0001214571
System details
  • System requirements: Adobe [Acrobat] Reader required for PDF files
  • Mode of access: World Wide Web

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