How does consumption change upon retirement?

Empirical Economics

Volumn 38, Issue 2, 2010, Pages 257-280

  Miniaci, Raffaele ^a   Monfardini, Chiara ^b   Weber, Guglielmo ^c  

^a UNIVERSITY OF BRESCIA   (Italy)

^b UNIVERSITY OF BOLOGNA   (Italy)

^c UNIVERSITY OF PADOVA   (Italy)

Author keywords

Consumption; Life cycle model; Retirement

Indexed keywords

CONSUMPTION BEHAVIOR; DATA SET; FOOD MARKET; HOUSEHOLD EXPENDITURE; LIFE CYCLE ANALYSIS; MICROECONOMICS; RETIREMENT;

ITALY;

EID: 77951125553     PISSN: 03777332     EISSN: None     Source Type: Journal    
DOI: 10.1007/s00181-009-0265-y     Document Type: Article

References (27)

1. Aguiar M, Hurst E (2005) Consumption versus expenditure. J Polit Econ 113(5): 919-948.
2. Aguiar M, Hurst E (2007) Lifecycle prices and production. Am Econ Rev 97(5): 1533-1559.
3. Attanasio OP (2000) Consumption demand. In: Taylor J, Woodford M (eds) Handbook of macroeconomics. North Holland, New York.
4. Attanasio OP, Banks J, Meghir C, Weber G (1999) Humps and bumps in lifetime consumption. J Bus Econ Stat 17(1): 22-35.
5. Attanasio OP, Brugiavini A (2003) Social security and households' saving. Quart J Econ 118(3): 1075-1119.
6. Banks J, Blundell R, Tanner S (1998) Is there a retirement-savings puzzle. Am Econ Rev 88(4): 769-788.
7. Battistin E, Miniaci R, Weber G (2003) What do we learn from recall consumption data. J Hum Resour 38(2): 354-385.
8. Battistin E, Brugiavini A, Rettore E, Weber G (2009) The retirement consumption puzzle: evidence from a regression discontinuity approach. Am Econ Rev (forthcoming).
9. Bernheim BD, Skinner J, Weinberg S (2001) What accounts for the variation in retirement wealth among U. S. households?. Am Econ Rev 91(4): 832-857.
10. Blau DM (2008) Retirement and consumption in a life cycle model. J Labor Econ 26(1): 35-71.
11. Blundell RW (1986) Consumer behaviour: theory and empirical evidence. Econ J 98(1): 16-65.
12. Browning M, Lusardi AM (1996) Household saving: micro theories and micro facts. J Econ Lit 34(4): 1797-1855.
13. Brugiavini A (1999) Social security and retirement in Italy. In: Gruber J, Wise D (eds) Social security and retirement around the world. The University of Chicago Press, Chicago.
14. Deaton A (1992) Understanding consumption. Oxford University Press, Oxford.
15. De Nardi M, French E, Jones JB (2006). Differential mortality, uncertain medical expenses, and the saving of elderly singles. NBER Working Papers 12554.
16. Grant C, Miniaci R, Weber G (2002) Changes in consumption behaviour: Italy in the early 1990s. Giornale degli Economisti 60(1): 61-101.
17. Hurd M, Rohwedder S (2008) The retirement consumption puzzle: actual spending change in panel data. NBER WP 13929.
18. Hurst E (2008) The retirement of a consumption puzzle. NBER WP 13789.
19. Inquiry Commission on Poverty (1997) Poverty in Italy 1980-95, Presidency of the Council of Ministers. Department of Information and Publishing, Rome.
20. Jappelli T, Pistaferri L (2000) The dynamics of household wealth accumulation in Italy. Fiscal Stud 21(2): 269-295.
21. Jappelli T, Pistaferri L, Weber G (2007) Health care quality, economic inequality, and precautionary saving. Health Econ 16(4): 327-346.
22. Kolodziejczyk C (2006) Retirement and fixed costs to work: an empirical analysis. CAM Working Paper, 2006-09.
23. Miniaci R, Weber G (1999) The Italian recession of 1993: aggregate implications of microeconomic evidence. Rev Econ Stat 81(2): 237-249.
24. Miniaci R, Monfardini C, Weber G (2002) Changing consumption patterns. In: Siebert H (eds) Economic policy for aging societies. Springer, Berlin, pp 53-76.
25. Monfardini C, Miniaci R, Weber G (2001) La spesa in beni non durevoli nell'Indagine sui consumi delle famiglie (Non-durable Expenditure in the Italian Survey on Family Budgets). University of Padua, mimeo.
26. Palumbo MG (1999) Uncertain medical expenses and precautionary saving near the end of the life cycle. Rev Econ Stud 66(2): 395-421.
27. Shorrocks A (1975) The age-wealth relationship: a cross-section and cohort analysis. Rev Econ Stat 57: 155-163.