the rest of the economy via high unemployment and reduced labor earnings, which reduced household contributions to Social … economic shocks, and it also explores how people may react by changing their consumption, saving and investment, work and … both short- and long-term consumption, boost work effort, and defer retirement. Younger cohorts will initially reduce their …

consumption, income, or savings behavior. With longitudinal data on mothers and children from the Panel Study of Income Dynamics … find evidence of a decline in consumption, an increase in labor supply, and a decrease retirement savings, though the …The risk of labor market, health, and asset-value shocks comprise profound retirement savings challenges for older …

that household consumption drops after a child moves out of a household, while at the same time, per capita consumption …

Based on the German Socio-economic Panel (SOEP), we show that household consumption drops and saving rises … significantly within four years after a child moves out of a household. Per capita consumption of parents is approximately leveled … calibrated life-cycle models assuming a smoothing of per capita consumption for parents with children in the household …