Long-Run Saving Dynamics: Evidence from Unexpected Inheritances
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DOI: 10.1162/rest_a_01004
Abstract: We exploit inheritance episodes to provide novel causal evidence on the long-run effects of a large financial windfall on saving behavior. For identification, we combine a longitudinal panel of administrative wealth reports with variation in… read more here.
Keywords: dynamics evidence; run saving; saving dynamics; evidence unexpected ... See more keywords