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Housing wealth, bequests, risk aversion, and the elderly

Healthy Communities Research Institute, Department of Economics
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  3. Housing wealth, bequests, risk aversion, and the elderly
Author(s)
Abstract
We find plausibly exogenous wealth shocks lead to an increase in the expected likelihood of leaving a large bequest for elderly households with lower baseline wealth, health, and risk aversion, and in increased likelihood of estate planning.
Format
Article
Identifier(s)
10.1016/j.econlet.2025.112343
Publication Date
2025-05
Publication Title
Economics Letters
Publisher
Elsevier BV
Volume
251
First Page
112343
Keywords
Subject
Rights
http://rightsstatements.org/vocab/InC/1.0/
License
Creative Commons Attribution-Noncommercial-No Derivative Works 4.0
Community
Healthy Communities Research Institute
Department of Economics
Permalink https://oaks.kent.edu/hcri/housing-wealth-bequests-risk-aversion-and-elderly
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Greenhalgh-Stanley, N., & Reynolds, C. (2025). Housing wealth, bequests, risk aversion, and the elderly. Economics Letters. https://doi.org/10.1016/j.econlet.2025.112343
Greenhalgh-Stanley, N., and C. Reynolds. 2025. Housing Wealth, Bequests, Risk Aversion, and the Elderly. Economics Letters. https://oaks.kent.edu/node/19111.
Greenhalgh-Stanley, Nadia, and C. Reynolds. Housing Wealth, Bequests, Risk Aversion, and the Elderly. Economics Letters, May 2025, https://doi.org/10.1016/j.econlet.2025.112343.