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Beginning in May 2009 we fielded a monthly Internet survey designed to measure total household spending as the aggregate of about 40 spending components. This paper reports on a number of outcomes from 30 waves of data collection. These outcomes include sample attrition, indicators of data...
Persistent link: https://www.econbiz.de/10012460685
The simple one-good model of life-cycle consumption requires that consumption be continuous over retirement; yet prior research based on partial measures of consumption or on synthetic panels indicates that spending drops at retirement, a result that has been called the retirement-consumption...
Persistent link: https://www.econbiz.de/10012464718
This paper reviews and analyzes forecasts of the Social Security trust funds, government spending, medical expenditures … dominated by the projected increases in medical expenditures. Although medical costs interact with aging, most of the increases …
Persistent link: https://www.econbiz.de/10012474339
We use new data from the 2019 wave of the Consumption and Activities Mail Survey to help interpret the observed decline in spending as individuals age. At one extreme, forward-looking individuals optimally chose the decline; at the other, myopic individuals overspent and were forced to reduce...
Persistent link: https://www.econbiz.de/10013388816