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The retirement consumption conundrum: Evidence from a consumption survey

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  • Fisher, Jonathan D.
  • Johnson, David S.
  • Marchand, Joseph
  • Smeeding, Timothy M.
  • Torrey, Barbara Boyle

Abstract

Recent studies have shown that food consumption declines at retirement. We use broader definitions of consumption from the Consumer Expenditure Survey and find that the so-called retirement consumption puzzle is solved by using comprehensive consumption data.

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Bibliographic Info

Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 99 (2008)
Issue (Month): 3 (June)
Pages: 482-485

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Handle: RePEc:eee:ecolet:v:99:y:2008:i:3:p:482-485

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  1. B. Douglas Bernheim & Jonathan Skinner & Steven Weinberg, 2001. "What Accounts for the Variation in Retirement Wealth among U.S. Households?," American Economic Review, American Economic Association, American Economic Association, vol. 91(4), pages 832-857, September.
  2. Slesnick, Daniel T, 1994. "Consumption, Needs and Inequality," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 35(3), pages 677-703, August.
  3. Steven Haider & Melvin Stephens Jr., 2004. "Is There a Retirement-Consumption Puzzle? Evidence Using Subjective Retirement Expectations," NBER Working Papers 10257, National Bureau of Economic Research, Inc.
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