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Drop in consumption associated with retirement. The regression discontinuity design approach

Author

Listed:
  • Nivorozhkina, Ludmila

    () (Rostov State Economic University, Russia)

  • Nivorozhkin, Anton

    () (Institute for Employment Research, Germany)

  • Abazieva, Kamilla

    () (Moscow State University of Technology and Management (Rostov branch))

Abstract

In this paper we investigate the size of the consumption drop in Russia We use micro data on the household consumption of food and non-durables collected during the survey of household welfare and participation in social programs (NOBUS) We use the regression discontinuity design and impose an identifying assumption that consumption would be the same around the threshold of pension eligibility if individuals did not retire We estimate that a 20 6 percent drop in consumption is associated with retirement induced by eligibility

Suggested Citation

  • Nivorozhkina, Ludmila & Nivorozhkin, Anton & Abazieva, Kamilla, 2010. "Drop in consumption associated with retirement. The regression discontinuity design approach," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 19(3), pages 112-126.
  • Handle: RePEc:ris:apltrx:0008
    as

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    References listed on IDEAS

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    Cited by:

    1. Anton Nivorozhkin & Ludmila Nivorozhkina & Kamila Abazieva, 2013. "Expenditures and Income Adequacy at Retirement," Economics Bulletin, AccessEcon, vol. 33(3), pages 2017-2023.

    More about this item

    Keywords

    consumption; pension; regression discontinuity;

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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