Age, Retirement and Expenditure Patterns: An Econometric Study of Older Canadian 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 Almost Ideal Demand System is estimated with data from six Family Expenditure Surveys and used to investigate that question. The findings suggest that observed changes in budget allocations are most closely related to reductions in income.
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Bibliographic InfoPaper provided by McMaster University in its series Quantitative Studies in Economics and Population Research Reports with number 375.
Length: 28 pages
Date of creation: Oct 2002
Date of revision:
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consumption expenditure; retirement; income;
Other versions of this item:
- Frank T. Denton & Dean C. Mountain & Byron G. Spencer, 2002. "Age, Retirement and Expenditure Patterns: An Econometric Study of Older Canadian Households," Social and Economic Dimensions of an Aging Population Research Papers 82, McMaster University.
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
This paper has been announced in the following NEP Reports:
- NEP-ALL-2002-11-28 (All new papers)
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.:
- 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.
- 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 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.
- Denton, Frank T & Mountain, Dean C & Spencer, Byron G, 1999. "Age, Trend, and Cohort Effects in a Macro Model of Canadian Expenditure Patterns," Journal of Business & Economic Statistics, American Statistical Association, vol. 17(4), pages 430-43, October.
- Laura Romeu Gordo & Andreas Motel-Klingebiel & Susanne Wurm, 2009.
"SOEP as a Source for Research on Ageing – Issues, Measures and Possibilities for Improvement,"
Working Paper Series of the German Council for Social and Economic Data
83, German Council for Social and Economic Data (RatSWD).
- Laura Romeu Gordo & Andreas Motel-Klingebiel & Susanne Wurm, 2009. "SOEP as a Source for Research on Ageing: Issues, Measures and Possibilities for Improvement," SOEPpapers on Multidisciplinary Panel Data Research 173, DIW Berlin, The German Socio-Economic Panel (SOEP).
- 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.
- 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.
- Paula C. Albuquerque & João C. Lopes, 2010.
"Economic Impacts of Ageing: An Interindustry Approach,"
2010/01, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon..
- Paula C. Albuquerque & João C. Lopes, 2010. "Economic impacts of ageing: an inter-industry approach," International Journal of Social Economics, Emerald Group Publishing, vol. 37(12), pages 970-986, October.
- José M. Labeaga & Rubén Osuna, 2007. "Expenditures at retirement by Spanish households," Working Papers 2007-36, FEDEA.
- Bonnie-Jeanne MacDonald & Doug Andrews & Robert L. Brown, 2011. "The Canadian Elder Standard - Pricing the Cost of Basic Needs for the Canadian Elderly," Social and Economic Dimensions of an Aging Population Research Papers 286, McMaster University.
- Mette Christensen, 2008. "Demand patterns around retirement: Evidence from Spanish panel data," The School of Economics Discussion Paper Series 0809, Economics, The University of Manchester.
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