The effect of inheritance receipt on individual labor supply: Evidence from Japanese microdata |
| |
Affiliation: | 1. CNRS - Centre d''Economie de la Sorbonne, University Paris 1, France;2. Centre for Economic Performance, London School of Economics, United Kingdom;3. University of Luxembourg, Maison des Sciences Humaines, Luxembourg |
| |
Abstract: | This paper examines the effects of wealth on individual labor supply by considering inheritance receipts as an exogenous change in household wealth. Using Japanese microdata consisting of individuals aged 26–51, we find that (i) while men’s probability of working does not respond to inheritance receipt, women’s probability of working decreases; and (ii) in the case of most respondents the receipt of an inheritance seems to be unanticipated. We also test the unitary household model using information on respondents’ spouses. The results indicate that who received an inheritance influences the labor supply decision of each household member, meaning that we find no support for the unitary model. |
| |
Keywords: | Wealth effects Individual labor supply Inheritance receipt Unitary model |
本文献已被 ScienceDirect 等数据库收录! |
|