Age, Retirement, and Expenditure Patterns: An Econometric Study of Older Households
AbstractThe paper explores the allocation of consumption expenditure by the older population among different categories of goods and services, and how expenditure patterns change with age within that population. Of particular interest is whether observed differences between pre-retirement and post-retirement patterns are a consequence of changes in tastes or reductions in income. An adapted form of the Deaton and Muellbauer [Am. Econ. Rev., 70:312–326, 1980 ] Almost Ideal Demand System (AIDS) is estimated with data from six surveys of family expenditure and used to investigate that question. The findings suggest that observed changes in budget allocations are most closely related to reductions in income. Copyright International Atlantic Economic Society 2006
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Bibliographic InfoArticle provided by International Atlantic Economic Society in its journal Atlantic Economic Journal.
Volume (Year): 34 (2006)
Issue (Month): 4 (December)
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More information through EDIRC
expenditure patterns; older population; retirement; D10; J14;
Find related papers by JEL classification:
- D10 - Microeconomics - - Household Behavior - - - General
- J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Frank T. Denton & Ross Finnie & Byron G. Spencer, 2009.
"Income Replacement in Retirement: Longitudinal Evidence from Income Tax Records,"
Quantitative Studies in Economics and Population Research Reports
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- Frank T. Denton & Ross Finnie & Byron G. Spencer, 2009. "Income Replacement in Retirement: Longitudinal Evidence from Income Tax Records," Social and Economic Dimensions of an Aging Population Research Papers 261, McMaster University.
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