How does consumption change upon retirement?

被引:33
作者
Miniaci, Raffaele [2 ]
Monfardini, Chiara [1 ,3 ,4 ]
Weber, Guglielmo [5 ,6 ]
机构
[1] Univ Bologna, Dipartimento Sci Econ, I-40126 Bologna, Italy
[2] Univ Brescia, Brescia, Italy
[3] Univ Bologna, CHILD, I-40126 Bologna, Italy
[4] Univ Bologna, IZA, I-40126 Bologna, Italy
[5] Univ Padua, CEPR, Padua, Italy
[6] IFS, Padua, Italy
关键词
Consumption; Retirement; Life-cycle model; WEALTH;
D O I
10.1007/s00181-009-0265-y
中图分类号
F [经济];
学科分类号
02 ;
摘要
In this paper, we investigate the way consumption changes around retirement in Italy. Using micro data covering the 1985-1996 period, we document the existence of a one-off drop in consumption at retirement of the household head, as in the UK and the US, but (at 5.44%) smaller in size, and show that consumption of work-related goods falls around retirement and home production of food and other goods increases.
引用
收藏
页码:257 / 280
页数:24
相关论文
共 27 条
  • [1] Consumption versus expenditure
    Aguiar, M
    Hurst, E
    [J]. JOURNAL OF POLITICAL ECONOMY, 2005, 113 (05) : 919 - 948
  • [2] Life-cycle prices and production
    Aguiar, Mark
    Hurst, Erik
    [J]. AMERICAN ECONOMIC REVIEW, 2007, 97 (05) : 1533 - 1559
  • [3] [Anonymous], 1992, UNDERSTANDING CONSUM, DOI DOI 10.1093/0198288247.003.0007
  • [4] ATTANASIO O., 2000, HDB MACROECONOMICS
  • [5] Social security and households' saving
    Attanasio, OP
    Brugiavini, A
    [J]. QUARTERLY JOURNAL OF ECONOMICS, 2003, 118 (03) : 1075 - 1119
  • [6] Humps and bumps in lifetime consumption
    Attanasio, OP
    Banks, J
    Meghir, C
    Weber, G
    [J]. JOURNAL OF BUSINESS & ECONOMIC STATISTICS, 1999, 17 (01) : 22 - 35
  • [7] Banks J, 1998, AM ECON REV, V88, P769
  • [8] What do we learn from recall consumption data?
    Battistin, E
    Miniaci, R
    Weber, G
    [J]. JOURNAL OF HUMAN RESOURCES, 2003, 38 (02) : 354 - 385
  • [9] BATTISTIN E, 2009, AM EC REV IN PRESS
  • [10] What accounts for the variation in retirement wealth among US households?
    Bernheim, BD
    Skinner, J
    Weinberg, S
    [J]. AMERICAN ECONOMIC REVIEW, 2001, 91 (04) : 832 - 857