dc.contributor.author
Beznoska, Martin
dc.contributor.author
Steiner, Viktor
dc.date.accessioned
2018-06-08T08:14:59Z
dc.date.available
2012-06-20T13:07:12.872Z
dc.identifier.uri
https://refubium.fu-berlin.de/handle/fub188/19664
dc.identifier.uri
http://dx.doi.org/10.17169/FUDOCS_document_000000013825
dc.description.abstract
The life-cycle hypothesis implies that consumption would not decline at
retirement. However, several studies found relevant declines in food
consumption after retirement for the United States. Others concluded that this
contradiction of the life-cycle hypothesis is solved by allowing for broader
measures of consumption than food. Using repeated crosssection data for
Germany, this paper analyzes the retirement consumption puzzle for the German
case. For our broadest consumption measure, which includes the flow of
durables’ consumption, we find, on average, no significant consumption decline
at retirement. This also holds if the potential endogeneity of indidual
retirement is controlled for in instrumental variable regressions. We also
find heterogeneity in retirement effects among birth cohorts, the level of
household wealth, and the level of consumption, but these effects do not
support the hypothesis that retirement is associated with a strong reduction
of consumption among poorer households.
de
dc.relation.ispartofseries
urn:nbn:de:kobv:188-fudocsseries000000000316-8
dc.relation.ispartofseries
urn:nbn:de:kobv:188-fudocsseries000000000006-7
dc.rights.uri
http://www.fu-berlin.de/sites/refubium/rechtliches/Nutzungsbedingungen
dc.subject
Retirement consumption puzzle
dc.subject
life-cycle hypothesis
dc.subject
wealth effects
dc.subject
repeated cross-section data
dc.subject.ddc
300 Sozialwissenschaften::330 Wirtschaft::330 Wirtschaft
dc.title
Does consumption decline at retirement?
dc.title.subtitle
Evidence from repeated cross-section data for Germany
refubium.affiliation
Wirtschaftswissenschaft
de
refubium.affiliation.other
Volkswirtschaftslehre
![Confidence was never recorded for this value](/cache_202e45ad85b55efaeb29160f63cd3f3b/themes/FuCD/images/authority_control/invisible.gif)
refubium.mycore.fudocsId
FUDOCS_document_000000013825
refubium.series.issueNumber
2012,14 : Economics
refubium.series.name
Diskussionsbeiträge des Fachbereichs Wirtschaftswissenschaft der Freien Universität Berlin
refubium.mycore.derivateId
FUDOCS_derivate_000000001947
dcterms.accessRights.openaire
open access