Before revision:  Furthermore, while almost 50\% of retirees reveal that they do not value leaving bequests, the rest have heterogeneous preference for bequestthat, on average, increases with their savings.
After revision:  The estimates also suggest that almost half the retirees who choose an annuity do not value leaving bequests, the rest have heterogeneous preference for bequestthat, on average, increases with their savings.