The retirement-consumption puzzle and involuntary early retirement: Evidence from the British household panel survey
成果类型：
Article; Proceedings Paper
署名作者：
Smith, S
署名单位：
University of Bristol
刊物名称：
ECONOMIC JOURNAL
ISSN/ISSBN：
0013-0133
DOI：
10.1111/j.1468-0297.2006.01080.x
发表日期：
2006
页码：
C130-C148
关键词：
摘要：
This article uses data from the British Household Panel Survey (BHPS) to shed further light on the fall in consumption at retirement (the 'retirement-consumption puzzle'). Comparing food spending of men retiring involuntarily early (through ill health or redundancy) with spending of men who retire voluntarily, it finds a significant fall in spending only for those who retire involuntarily. This is consistent with the observed fall in spending being linked to a negative wealth shock for some retirees.
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