Consumption versus Expenditure
Bibliographic Data
| ID | 10178799 |
|---|---|
| Authors | Mark Aguiar (0000-0002-1930-1845, Federal Reserve Bank of Boston), Erik Hurst (0000-0003-3760-3051, National Bureau of Economic Research) |
| Year | 2005 |
| Volume | 113 |
| Issue | 5 |
| Pages | 919-948 |
| Publication date | 2005-09-19 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/491590 |
| OpenAlex | W2142406045 |
| Language | EN |
| Citations received | 108 |
| References cited | 13 |
Previous authors have documented a dramatic decline in food expenditures at the time of retirement. We show that this is matched by an equally dramatic rise in time spent shopping for and preparing meals. Using a novel data set that collects detailed food diaries for a large cross section of U.S. households, we show that neither the quality nor the quantity of food intake deteriorates with retirement status. We also show that unemployed households experience a decline in food expenditure and food consumption commensurate with the impact of job displacement on permanent income. These results highlight how direct measures of consumption distinguish between anticipated and unanticipated shocks to income whereas measures of expenditures obscure the distinction
Agricultural economics · Consumption (sociology · Demographic economics · Economics · Food away from home · Food consumption · Labour economics · Market liquidity · Monetary economics · Permanent income hypothesis · Quality (philosophy · Economics of Agriculture and Food Markets · Fiscal Policy and Economic Growth · Gender, Labor, and Family Dynamics
Financially Fragile Households
The Consumption Response to Income Changes
Sufficient Statistics for Welfare Analysis
Fiscal Stimulus in a Monetary Union
Internet adoption and usage patterns are different
Retirement and subjective well-being
The Economic Importance of Financial Literacy
Behavioral Economics and Public Policy
Household Consumption at Retirement
Food expenditure and vegetarianism
Household consumption and home production at retirement in Thailand
Is Happiness Adaptation to Poverty Limited? The Role of Reference Income
Retirement consumption puzzle in tourism
Retirement and Household Expenditure in Turbulent Times
Who and How Pays for Help at Home? The Role of Labor Specialization, Self-Employment and Retirement
Retirement routes and the well-being of retirees
Heterogeneity in prices and inflation over the life cycle
Sales and promotions and the great recession deflation
Unemployment and households' food consumption
Consumption Inequality and Family Labor Supply
Life-Cycle Prices and Production
Changes in Consumption at Retirement
Retirement Consumption
Pension Plan Characteristics and Framing Effects in Employee Savings Behavior
Household Portfolio Choice and Retirement
Are Household Surveys Like Tax Forms? Evidence from Income Underreporting of the Self-Employed
Is There a Retirement-Consumption Puzzle? Evidence Using Subjective Retirement Expectations
Does Home Production Replace Consumption Spending? Evidence from Shocks in Housing Wealth in the Great Recession
The Importance of Business Owners in Assessing the Size of Precautionary Savings
Angus Deaton, prix à la mémoire d’Alfred Nobel 2015
Her Time, His Time, or the Maid's Time
Divorcing Upon Retirement
Partners' Leisure Time Truly Together Upon Retirement
Divorcing Upon Retirement
Retirement and Home Production
Household Consumption at Retirement
Are time and money equally substitutable for all commodity groups in the household’s domestic production
Women’s employment and the decline of home cooking
Partners’ leisure time truly together upon retirement
Nonseparable Preferences, Frisch Labor Supply, and the Consumption Multiplier of Government Spending
Economic impact of retirement on the elderly population
Deconstructing Life Cycle Expenditure
Exposure to Grocery Prices and Inflation Expectations
Labor Markets
US Inequality and Fiscal Progressivity
The Cyclicality of the Opportunity Cost of Employment
Reconciling Cyclical Movements in the Marginal Value of Time and the Marginal Product of Labor
Capital Taxation
Do we accurately measure what we consume
The effect of time use and food cost on dietary quality
Household food waste and the opportunity cost of time
Providing Prescription Drug Coverage to the Elderly
Care Provision and the Boundaries of Production
Is the U.S. Retirement System Contributing to Rising Wealth Inequality
Covid-19 and Emergency Rental Assistance
Accounting for tastes
Modernising Consumption in Poland in the EU Background in 2004-2012
Consumption in Retirement
Workforce Participation and Economic Security
Demographic changes and economic growth
Does the retirement consumption puzzle differ across the distribution
The effect of retirement on health and mortality in the United States
Consumer’s stated trust in the food industry and meat purchases
Economic returns to education
Coping strategies and struggle against food insecurity
Using an Engel Curve Approach to Infer Cost of Living Experienced by Canadian Households
The Adequacy of Retirement Savings
The Canadian National Retirement Risk Index
Home Cooking, Food Consumption, and Food Production among Retired Canadian Households
Economic crisis and the unemployment effect on household food expenditure
Changes in food purchases at retirement in France
The retirement (food)-consumption puzzle revisited - A panel data study from Denmark
Understanding the retirement-consumption puzzle through the lens of food consumption-fuzzy regression-discontinuity evidence from urban China
The efficacy of the dependent care deduction at maintaining diet quality
Electronic Benefit Transfer and Food Expenditure Cycles
Housing liquidation and financial adequacy of retirees in New Zealand
Consumption of food away from home in Bangladesh
Ageing Population
Behavioral foundations for the Keynesian consumption function
Poverty in old age
Frequent shopping by men and women increases survival in the older Taiwanese population
Differences in Food Preparation by Race and Ethnicity
Employment Hysteresis from the Great Recession
Are Americans Saving “Optimally” for Retirement
Shopping Around
Consumption and time use responses to unemployment
Maids, Appliances and Couples' Housework
Do Self‐insurance and Disability Insurance Prevent Consumption Loss on Disability
Measuring the Impact of Travel Costs on Grocery Shopping
The Retirement‐Consumption Puzzle and Involuntary Early Retirement
Optimal Rules of Thumb for Consumption and Portfolio Choice
Time to Cook
Why are Households that Report the Lowest Incomes So Well-off
Human Capital and Unemployment Dynamics
Measuring Gender Gaps in Time Allocation in Europe
An integrated quantitative framework propose for sustainability assessment in geographical indication production systems
By How Much Does GDP Rise If the Government Buys More Output
What’s behind pro-poor growth? An investigation of its drivers and dynamics
The impacts of raising the public pension eligibility age on time allocation of elderly people
Making Do and Getting By
| Unique citing works | 108 |
|---|---|
| Citations per year | 5,4 |
| Citation span | 2006 - 2026 (21) |
| Citation velocity | current |
| Highly cited | Yes |
| Citation types | Neutral: 108 |