Intended bequests and housing equity in older age

Engelhardt, Gary V., and Michael D. Eriksen. “Intended bequests and housing equity in older age”. CRR WP 2021-2, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, January 2021. http://hdl.handle.net/2345/bc-ir:109059.
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Abstract

This paper examines how homeownership evolves in old age and around the time of death, using detailed data from the Health and Retirement Study to assess the extent to which housing wealth held by older Americans might be used to complement Social Security in the provision of retirement income. Critical components of the analysis include the use of rich information on medical diagnoses, functional status, and bequest intentions in a competing-risks proportional hazard model of the likelihood of making a tenure transition out of homeownership, where death is the competing risk.

Title
Intended bequests and housing equity in older age
Author
Engelhardt, Gary V.
Eriksen, Michael D.
Center
Center for Retirement Research
Genre
Working paper
Date Issued
January 2021
Publisher
Center for Retirement Research at Boston College
Series Title
CRR WP
Series Number
2021-2
Persistent Link
http://hdl.handle.net/2345/bc-ir:109059
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Financing Retirement

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