Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/125286
Authors: 
Cox, Donald
Year of Publication: 
2014
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Year:] 2014 [Issue:] 69
Abstract: 
Inheriting money can be a problem since the new wealth might sap the beneficiaries’ incentive to work. Or it could do the opposite, by facilitating entrepreneurship among those whose ambition to start a business had been stymied by a lack of cash. Recent evidence suggests inheritance-related work disincentives can be strong—unexpected inheritances can matter a lot for early retirement, for example. But where inheritances facilitate self-employment, as some evidence suggests, the labor supply might increase.
Subjects: 
inheritance
bequests
labor supply
estate tax
self-employment
JEL: 
J2
L26
Persistent Identifier of the first edition: 
Document Type: 
Article

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