The Retirement-Consumption Puzzle and Involuntary Early Retirement : Evidence From The British Household Panel Survey  

Oleh:

Smith, Sarah

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 116 no. 510 (2006), page C130-C148.
Topik: RETIREMENT; retirement; consumption puzzle; involuntary early retirement; household panel survey
Fulltext: C130.pdf (176.4KB)

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE28.21 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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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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