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Life-cycle consumption patterns at older ages in the US and the UK : can medical expenditures explain the difference?

Banks, James; Blundell, Richard W.; Levell, Peter; … - 2016

In this paper we document significantly steeper declines in nondurable expenditures in the UK compared to the US, in spite of income paths being similar. We explore several possible causes, including different employment paths, housing ownership and expenses, levels and paths of health status,...

Persistent link: https://www.econbiz.de/10011534273

Life-cycle consumption patterns at older ages in the US and the UK : can medical expenditures explain the difference?

Banks, James; Blundell, Richard W.; Levell, Peter; … - 2015

Persistent link: https://www.econbiz.de/10010498398

Life-Cycle Consumption Patterns at Older Ages in the US and the UK : Can Medical Expenditures Explain the Difference?

Banks, James W.; Blundell, Richard W.; Levell, Peter; … - 2015

Our data indicate significantly steeper declines in nondurable expenditures in the UK compared to the US in spite of income paths at older ages exhibiting similar declines. We examine several possible causes, including different employment paths, housing ownership and expenses, levels and paths...

Persistent link: https://www.econbiz.de/10014135181

Consumption Inequality and Family Labor Supply

Blundell, Richard W. - 2014

incorporates household consumption and family labor supply decisions. We derive analytical expressions based on approximations for …, earnings, assets and consumption. We focus on the importance of family labor supply as an insurance mechanism to wage shocks … and find strong evidence of smoothing of male's and female's permanent shocks to wages. Once family labor supply, assets …

Persistent link: https://www.econbiz.de/10013057673