Housing wealth, bequests, risk aversion, and the elderly
研究发现住房财富正向冲击会增加老年人留下大额遗产的预期概率，且该效应因风险规避程度、健康状况和规划期限而异，同时促使老年人更可能进行遗产规划。
• Positive housing wealth shocks increase expected bequests among the elderly. • We find heterogenous bequest effects based on risk aversion, health, and planning horizons. • We find the elderly are more likely to engage in estate planning after a housing wealth shock. We find plausibly exogenous wealth shocks lead to an increase in the expected likelihood of leaving a large bequest for elderly households with lower baseline wealth, health, and risk aversion, and in increased likelihood of estate planning.