Changes in Nutrient Intake at RetirementIndian Rupee

• 成果类型: Article
• 署名作者: Stephens, Melvin, Jr.; Toohey, Desmond
• 署名单位: University of Michigan System; University of Michigan; National Bureau of Economic Research; U.S. Securities & Exchange Commission (SEC)
• 刊物名称: AMERICAN ECONOMIC JOURNAL-APPLIED ECONOMICS
• ISSN/ISSBN: 1945-7782
• DOI: 10.1257/app.20180378
• 发表日期: 2025
• 页码: 501-526
• 关键词: consumption puzzle; financial literacy; food; demand

摘要

Prior research finds food expenditure decreases at retirement, which suggests households are inadequately saving. In contrast, other evidence shows that direct measures of food intake are unaffected by exiting the labor force. Using a wide array of data sources and methodologies, we find that food intake falls at retirement, including: declines in caloric and nutrient intake in cross-sectional datasets spanning 40 years, a decrease in caloric intake using longitudinal data, and a drop in a food intake index that relates diet composition to permanent income. We discuss the implications of these results in the context of life-cycle models of consumption.