Expected Bequests and Their Distribution

Michael D. Hurd, James P. Smith

Published 2003

Based on a population-representative sample of actual bequests, this report estimates that households in the 70-74 age band will bequeath just 39 percent of their wealth, consuming the rest before they die.

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Hurd, Michael D. and James P. Smith, Expected Bequests and Their Distribution. Santa Monica, CA: RAND Corporation, 2003. https://www.rand.org/pubs/drafts/DRU3007.html.
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