Calendrier du 28 février 2017
Paris Migration Seminar
Du 28/02/2017 de 16:30 à 19:00
Salle S115, MSE, 106 boulevard de l'Hôpital, 75013 Paris
TEYTELBOYM Alex((Institute for New Economic Thinking (INET), University of Oxford)
VERDUGO Grégory(Université Paris 1 Panthéon-Sorbonne)
Refugee Resettlement
Ethnic networks in Public Housing : Evidence from France
écrit avec David Delacrétaz, Scott Duke Kominers & Morgane Laouénan
Applied Economics Lunch Seminar
Du 28/02/2017 de 12:30 à 13:30
Salle 8, RDC Bâtiment G, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
SUARI-ANDREU Eduard (University of Groningen)
Giving With a Warm Hand: Evidence on Estate Planning and Bequests
écrit avec Raun van Ooijen, Rob J.M. Alessie, and Viola Angelini
In this paper we contribute to the literature by empirically studying the presence of a bequest motive for saving using administrative data for the Netherlands. Building upon and expanding the previous work by Kopczuk (2007), we empirically identify the bequest motive by studying how terminally ill individuals manage their estate in the last instances of their life. We regress net worth at the end of life on length of terminal illness, while controlling for age and lifetime income. We hypothesize that a negative relationship reflects a decrease in net worth due to early bequests resulting from estate planning triggered by the onset of a terminal illness. Employing quantile regression, we find that having a terminal illness of above ten years has a considerable
impact on net worth at death, specially for married males who are at the top of the net worth distribution. Among this group, we find that the effect is specially strong for younger individuals (below 65 years), and for individuals with children who are at the bottom quartile of the income distribution. We conclude that the effects we find reflect the presence of an underlying bequest motive for saving.