Why does consumption fall at retirement? Evidence from Germany

被引：56

作者：

Schwerdt, G ^{[1
]}

机构：

[1] European Univ Inst, Dept Econ, I-50133 Florence, FI, Italy

来源：

ECONOMICS LETTERS | 2005年 / 89卷 / 03期

关键词：

consumption-retirement puzzle; home production;

D O I：

10.1016/j.econlet.2005.06.014

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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. (c) 2005 Elsevier B.V. All rights reserved.

引用

页码：300 / 305

页数：6