G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w26879
来源IDWorking Paper 26879
Medical Spending, Bequests, and Asset Dynamics Around the Time of Death
John Bailey Jones; Mariacristina De Nardi; Eric French; Rory McGee; Rachel Rodgers
发表日期2020-03-23
出版年2020
语种英语
摘要Using data from the Health and Retirement Survey, we document the changes in assets that occur before a person's death. Applying an event study approach, we find that during the 6 years preceding their deaths, the assets of single decedents decline, relative to those of similar single survivors, by an additional $20,000 on average. Over the same time span, the assets of couples who lose a spouse fall, relative to those of similar surviving couples, by an additional $90,000 on average. Households experiencing a death also incur higher out-of-pocket medical spending and other end-of-life expenses. This elevated spending is sufficient to explain (in accounting terms) the asset declines observed for singles but falls short of explaining the declines observed for couples. Bequests from the dying spouse to non-spousal heirs such as children are more than sufficient to explain the remainder.
主题Microeconomics ; Households and Firms
URLhttps://www.nber.org/papers/w26879
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/584552
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John Bailey Jones,Mariacristina De Nardi,Eric French,et al. Medical Spending, Bequests, and Asset Dynamics Around the Time of Death. 2020.
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