2020/02/13 by Karina Doorley, Nico Pestel · 2 citations
Business, Management and Accounting · Economics, Econometrics and Finance · Social Sciences · #Financial Literacy, Pension, Retirement Analysis #Gender, Labor, and Family Dynamics #Housing, Finance, and Neoliberalism
paper · doi:10.1111/obes.12353
openalex publication_date 2020/02/13 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28
Abstract 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.