Time to Cook: Expenditure at Retirement in Spain*

• 成果类型: Article
• 署名作者: Jose Luengo-Prado, Maria; Sevilla, Almudena
• 署名单位: Northeastern University; University of London; Queen Mary University London
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/j.1468-0297.2012.02546.x
• 发表日期: 2013
• 页码: 764-789
• 关键词: consumption puzzle; income

摘要

Detailed panel expenditure data from Spain reveal little evidence of a retirement consumption puzzle in 1985-2004. There is a drop in food at home expenditure in the later years of the sample along with evidence of households paying lower prices for the food they purchase after retirement. However, our findings are consistent with a model that allows for home production as long as one accounts for the greater participation in housework by men after retirement coinciding with this latter period. Our work adds to the evidence from several countries and helps in reconciling the retirement consumption puzzle with life-cycle models.