The Retirement‐Consumption Puzzle and Involuntary Early Retirement

Evidence from the British Household Panel Survey

Dados Bibliográficos

ID9716062
AutoresSarah Smith (0000-0003-0857-5039, University of Bristol and Institute for Fiscal Studies, autor correspondente)
Ano2006
Volume116
Fascículo510
PáginasC130-C148
Data de publicação2006-03-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoThe Economic Journal (JOURNAL)
Identificadores do periódicoISSN: 0013-0133 • E-ISSN: 1468-0297
EditoraOxford University Press (OUP) (PUBLISHER)
DOI10.1111/j.1468-0297.2006.01080.x
OpenAlexW2105495645
IdiomaEN
Citações recebidas16
Referências citadas9

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. Copyright 2006 Royal Economic Society

British Household Panel Survey · Consumption (sociology · Demographic economics · Econometrics · Economics · Health and Retirement Study · Labour economics · Panel data · Panel survey · Shock (circulatory · Financial Literacy, Pension, Retirement Analysis · Global Health Care Issues · Medicine · Retirement, Disability, and Employment · Gerontology