Tag: intergenerational
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…
Abstract Due to a changing retirement landscape, many baby boomers are likely to have insufficient resources for a secure retirement. One potential source that could improve their situation is inheritances. Using data from the Survey of Consumer Finances and the Health and Retirement Study, this study quantifies how much boomers can expect to inherit. Our…
