Previous research finds a systematic fall in consumption at retirement, even when these retirements are expected, which … date of retirement is typically predicted using an instrument - age - that we show to be correlated with unexpected … retirements and will therefore lead to biased estimates. In this paper, we use an alternative instrument for expected retirement …

Using data from China's Urban Household Survey and exploiting China's mandatory retirement policy, we use the … regression discontinuity approach to estimate the impact of retirement on household non-durable expenditures. Retirement reduces … total non-durable expenditures by about 21 percent. Among the categories of non-durable expenditures, retirement reduces the …

As approximately 70 million Baby Boomers make their way into and through retirement, increased attention is being given … to how they approach retirement spending as well as what constitutes a satisfactory lifestyle in retirement. One thing is … in retirement, debt, health status, marital status, and even gender impact retirement needs and outcomes. What are the …

retirement, recent studies have shown that consumption declines at retirement. This empirical result has been referred to as the … retirement consumption puzzle. Previous literature has most often relied on food expenditures to estimate the decline in … consumption at retirement. We add to this literature by using broader definitions of consumption data from the Consumer …

This paper studies the influence of people's expectations about expenses during retirement and trust in pension funds … retirement. Our regressions reveal that workers who expect declining expenses during retirement are more likely to opt for a high …/low annuity-based pension and/or a lump sum payment at retirement than workers who expect stable expenses. Furthermore, we find …

This paper provides a two-part empirical analysis on how actuarial reduction rates for early retirement affect current … retirement planning. First, by evaluating a large dataset of administrative records it becomes evident that early retirement … retirement if in turn they were willing to accept an actuarial reduction on their pension. It becomes evident that the maximum …

This paper summarizes five facts that have emerged from the recent literature on consumption behavior during retirement … they transition into retirement. In particular, the literature has shown that there is substantial heterogeneity in … spending changes at retirement across consumption categories. The declines in spending during retirement for the average …

This paper summarizes five facts that have emerged from the recent literature on consumption behavior during retirement … they transition into retirement. In particular, the literature has shown that there is substantial heterogeneity in … spending changes at retirement across consumption categories. The declines in spending during retirement for the average …