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Why does consumption fall at retirement? : evidence from Germany

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2005

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http://nbn-resolving.de/urn:nbn:de:bsz:352-286171
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https://doi.org/10.1016/j.econlet.2005.06.014
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Economics Letters. 2005, 89(3), pp. 300-305. ISSN 0165-1765. eISSN 1873-7374. Available under: doi: 10.1016/j.econlet.2005.06.014

Zusammenfassung

Analyzing the consumption behavior over retirement in Germany, this paper finds a negative correlation between income replacement and the increase in home-production-related activities. This might reconcile the observed drop in consumption at retirement with the predictions of the standard life cycle model. However, since individuals with fairly stable income over retirement also increase home production, this increase cannot be entirely attributed to a substitution effect.

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ISO 690SCHWERDT, Guido, 2005. Why does consumption fall at retirement? : evidence from Germany. In: Economics Letters. 2005, 89(3), pp. 300-305. ISSN 0165-1765. eISSN 1873-7374. Available under: doi: 10.1016/j.econlet.2005.06.014
BibTex
@article{Schwerdt2005consu-28617,
  year={2005},
  doi={10.1016/j.econlet.2005.06.014},
  title={Why does consumption fall at retirement? : evidence from Germany},
  number={3},
  volume={89},
  issn={0165-1765},
  journal={Economics Letters},
  pages={300--305},
  author={Schwerdt, Guido}
}
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