In this paper, we examine whether consumption is in response to the change of expectations of income in urban China, namely, testing for excess sensitivity of consumption using subjective income expectations from the panel "Survey of Living Preferences and Satisfaction," conducted at Osaka...

This paper investigates whether or not (i) the decline in consumption after retirement is only from "work related expenses" and "food consumption," and (ii) even though food spending at home and that outside the home decline after retirement, actual food intake remains constant, as Hurst (2008)...