Labour Supply after Inheritances and the Role of Expectations
Labour Supply after Inheritances and the Role of Expectations
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DOI:
10.1111/obes.12353
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发表时间:
2020-02-13
影响因子:
2.5
通讯作者:
Pestel, Nico
中科院分区:
文献类型:
--
作者:
Doorley, Karina;Pestel, Nico
This paper examines the effect of inheritances on labour supply, distinguishing between unanticipated and anticipated inheritances. We use household and individual level micro-data for Germany to investigate the effect of inheritances on a number of labour market outcomes. Women are less likely to work full-time after an inheritance and their desired and actual hours of work decrease by 1-2 per week, on average. The magnitude of the effect is found to be larger and more precisely estimated for households without children and liquidity constrained households. Other margins such as time use outside the labour market and satisfaction are also found to be affected by inheritance receipt.