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(Not) Anticipating Predictable Inheritances
Vihriälä, Erkki; Virkola, Tuomo
SSRN Working Paper (SSRN, 19.10.2023)We study whether people spend in anticipation of predictable inheritances from elderly parents or act as if inheritances are unpredictable windfalls. Implying incomplete anticipation, children increase car purchases by 36 ...