Changes in Consumption at Retirement: Evidence from Panel Data
AbstractPrevious empirical literature has found a sharp decline in consumption during the first years of retirement, implying that individuals do not save enough for their retirement. This phenomenon is called the retirement consumption puzzle. We find no evidence of the retirement consumption puzzle using panel data from 1980 to 2000. Consumption is defined as nondurable expenditure, a more comprehensive measure than only food used in many of the previous studies. We find that food expenditure declines at retirement, which is consistent with previous studies. © 2011 The President and Fellows of Harvard College and the Massachusetts Institute of Technology.
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.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by MIT Press in its journal Review of Economics and Statistics.
Volume (Year): 93 (2011)
Issue (Month): 3 (August)
Contact details of provider:
Web page: http://mitpress.mit.edu/journals/
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Yingying Dong, 2012. "Regression Discontinuity Applications with Rounding Errors in the Running Variable," Working Papers 111206, University of California-Irvine, Department of Economics.
- repec:ese:iserwp:2014-14 is not listed on IDEAS
- Fisher, Jonathan & Marchand, Joseph, 2010.
"Does the Retirement Consumption Puzzle Differ Across the Distribution?,"
2010-20, University of Alberta, Department of Economics, revised 01 Apr 2011.
- Jonathan Fisher & Joseph Marchand, 2014. "Does the retirement consumption puzzle differ across the distribution?," Journal of Economic Inequality, Springer, vol. 12(2), pages 279-296, June.
- Jonathan D. Fisher & Joseph Marchand, 2011. "Does the Retirement Consumption Puzzle Differ Across the Distribution?," Working Papers 11-09r, Center for Economic Studies, U.S. Census Bureau.
- World Bank, 2012. "Toward Gender Equality in East Asia and the Pacific : A Companion to the World Development Report," World Bank Publications, The World Bank, number 12598, October.
- Alexander Zimper & Alexander Ludwig & Max Groneck, 2012. "A Life-Cycle Consumption Model with Ambiguous Survival Beliefs," 2012 Meeting Papers 693, Society for Economic Dynamics.
- Zhang, Chuanchuan & Zhao, Yaohui, 2012.
[Will Postponing Retirement Crowd out Youth Employment?]," MPRA Paper 52931, University Library of Munich, Germany, revised Dec 2013.
- Emanuele Ciani & Paul Fisher, 2013. "Dif-in-dif estimators of multiplicative treatment effects," Economics Discussion Papers 725, University of Essex, Department of Economics.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Karie Kirkpatrick).
If references are entirely missing, you can add them using this form.