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
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by International Atlantic Economic Society in its journal Atlantic Economic Journal.
Volume (Year): 34 (2006)
Issue (Month): 4 (December)
Contact details of provider:
Postal: Suite 650, International Tower, 229 Peachtree Street, N.E., Atlanta, GA 30303
Phone: (404) 965-1555
Fax: (404) 965-1556
Web page: http://springerlink.metapress.com/link.asp?id=112055
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.:
- Frank T. Denton & Byron G. Spencer, 1997.
"How Well Does the CPI Serve as an Index of Inflation for Older Age Groups?,"
Independence and Economic Security of the Older Population Research Papers
16, McMaster University.
- Frank T. Denton & Byron G. Spencer, 1997. "How Well Does the CPI Serve as an Index of Inflation for Older Age Groups?," Quantitative Studies in Economics and Population Research Reports 329, McMaster University.
- Deaton, Angus S & Muellbauer, John, 1980. "An Almost Ideal Demand System," American Economic Review, American Economic Association, vol. 70(3), pages 312-26, June.
- Frank Denton & Dean Mountain, 2004.
"Aggregation effects on price and expenditure elasticities in a quadratic almost ideal demand system,"
Canadian Journal of Economics,
Canadian Economics Association, vol. 37(3), pages 613-628, August.
- Frank T. Denton & Dean C. Mountain, 2002. "Aggregation Effects on Price and Expenditure Elasticities in a Quadratic Almost Ideal Demand System," Quantitative Studies in Economics and Population Research Reports 374, McMaster University.
- Denton, Frank T. & Mountain, Dean C., 2001. "Income distribution and aggregation/disaggregation biases in the measurement of consumer demand elasticities," Economics Letters, Elsevier, vol. 73(1), pages 21-28, October.
- Krinsky, Itzhak & Robb, A Leslie, 1986. "On Approximating the Statistical Properties of Elasticities," The Review of Economics and Statistics, MIT Press, vol. 68(4), pages 715-19, November.
- 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.
- 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 436, McMaster University.
- Axsen, Jonn & Mountain, Dean C. & Jaccard, Mark, 2009. "Combining stated and revealed choice research to simulate the neighbor effect: The case of hybrid-electric vehicles," Resource and Energy Economics, Elsevier, vol. 31(3), pages 221-238, August.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn) or (Christopher F. Baum).
If references are entirely missing, you can add them using this form.