The Importance of Bequests and Life-Cycle Saving in Capital Accumulation: A New Answer

By Karen E. Dynan, J. Skinner, Stephen P. Zeldes. 2002

259 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/c1948a7c0886a29fc2f7aff9d1105cb9182f2916

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Citations in the corpus

The Macroeconomic Effects of Housing Wealth, Housing Finance, and Limited Risk Sharing in General Equilibrium (2017, unknown): “We use the results of Skinner and Zeldes (2002), who report that, in the 1998 SCF, saving for one’s estate or children was mentioned as a reason for saving by 8 percent of all households and 12 percent of all retirees.”
Incidental Bequests: Bequest Motives and the Choice to Self-Insure Late-Life Risks (2014, background): “As Dynan et al. (2002) note, “[a] dollar saved today simultaneously serves both a precautionary life-cycle function (guarding against future contingencies such as health shocks or other emergencies) and a bequest function because, in the likely event that the dollar is not absorbed by these continge”
The Trajectory of Wealth in Retirement (2009, background): “…1989), uncertain medical expenses (Palumbo, 1999; French and Jones, 2004a; Anderson, French, and Lam, 2004), and bequest motives (Kotlikoff and Summers, 1981; Hurd, 1987, 1989; Bernheim, 1991; Laitner and Juster, 1996; Dynan, Skinner, and Zeldes, 2002; De Nardi, 2004; Kopczuk and Lupton, 2007).”
To Leave or Not to Leave: The Distribution of Bequest Motives (2004, background): “In this context, whereas Hurd (1989) assumes perfect sample separation information regarding who has a bequest motive (households with children), we allow all households to have a bequest motive and let observed spending behavior determine the extent to which bequests are of economic importance.”
Why Do the Elderly Save? The Role of Medical Expenses (2009, background): “[24] argue that the same assets can be used to address both precautionary and bequest concerns.”
Long-Term-Care Utility and Late-in-Life Saving (2020, unknown): “As was highlighted by Dynan, Skinner, and Zeldes (2002), a dollar saved today is fungible in its future use.”
Do the Rich Save More? (2004, unknown): “Lawrance (1991) offers empirical evidence to this effect, although Dynan (1994) shows that the patterns are not pronounced after controlling for ex post shocks to income.”
The Joy of Giving or Assisted Living? Using Strategic Surveys to Separate Public Care Aversion from Bequest Motives (2011, unknown): “Dynan, Skinner, and Zeldes (2002) highlight the broad identification problem between bequest and precautionary motives, which is important not only for financial design, but also for those interested in the macroeconomic impact of fiscal policies and the intergenerational transmission of wealth…”
Bequest and Tax Planning: Evidence from Estate Tax Returns (2007, unknown): “Schedule G does not by itself represent tax avoidance and assets reported on it are subject to the same tax treatment as assets reported elsewhere on the tax return.”
On the Long-Run Evolution of Inheritance: France 1820–2050 (2011, unknown): “See also Dynan et al (2002, 2004) and Kopczuk (2007).”