Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/208256
Authors: 
Garbinti, Bertrand
Georges-Kot, Simon
Year of Publication: 
2019
Series/Report no.: 
ECB Working Paper No. 2222
Abstract: 
This paper provides new insights on the effect of inheritance receipt on retirement. We build on lifelong information on inheritances received and labor market transitions available for respondents of the French Wealth Survey. This feature allows us to compare current retirement rates among current and future inheritors. Chances of current retirement are 40% higher among current inheritors than among individuals who will inherit in the next two years, but there is substantial heterogeneity in this effect across socio-demographic groups. The effect is also stronger for individuals with a higher risk aversion, which we interpret with a simple theoretical model.
Subjects: 
Retirement
inheritance
labor supply
risk aversion
JEL: 
J14
J26
Persistent Identifier of the first edition: 
ISBN: 
978-92-899-3484-8
Document Type: 
Working Paper

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