Tag: inheritances
The brief’s key findings are: Taking away inheritances from households that have them reduces the NRRI by less than one percentage point. Inheritances could become more prevalent in the future due to unspent 401(k) balances, but increasing future inheritances has only a minimal effect. The reasons for the modest impact are: the majority of households…
Abstract The goal of this paper is to carefully document the characteristics of within-family monetary transfers in the United States, using all nine waves of the Health and Retirement Study (HRS). The main purpose of doing so is to summarize the relevant moments that can be used as calibration targets by macro studies. As of…
