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Leisure and housing consumption after retirement : new evidence on the life-cycle hypothesis

Schreiber, Sven; Beblo, Miriam - 2016

We revisit the alleged retirement consumption puzzle. According to the life-cycle theory, foreseeable income reductions … endowments after retirement, the theory does predict a fall of total market consumption expenditures. In order not to mistake …-cycle theory. For retirees we also find significant effects of the income reduction at retirement on housing. However, the effects …

Persistent link: https://www.econbiz.de/10011455042

Returns heterogeneity and consumption inequality over the life cycle

Daminato, Claudio; Pistaferri, Luigi - 2024

Persistent link: https://www.econbiz.de/10014534993

Household saving and full consumption over the life cycle

Apps, Patricia; Rees, Ray - 2001

This paper extends the standard model of life cycle consumption, saving and labor supply in a number of directions. First, it argues that consumption should be defined as expenditure on household production as well as on market goods, that is, we are interested in life cycle profiles of full...

Persistent link: https://www.econbiz.de/10011401086

Wealth, consumption, and savings patterns in retirement : a challenge to the life-cycle hypothesis

Krupová, Patrícia - In: Ekonomické rozhl'ady 53 (2024) 3, pp. 176-195

align with previous studies indicating that the life-cycle theory inadequately captures the dynamics of wealth, consumption …

Persistent link: https://www.econbiz.de/10015418570

The effects of monetary policy on consumption : workers vs. retirees

Kim, Myunghyun; Song, Sang-yoon - In: Journal of macroeconomics 74 (2022), pp. 1-15

Persistent link: https://www.econbiz.de/10013472119

Consumption Over the Life Cycle : The Role of Annuities

Hansen, Gary D. - 2006

We explore the quantitative implications of uncertainty about the length of life and a lack of annuity markets for life cycle consumption in a general equilibrium overlapping generations model in which markets are otherwise complete. Empirical studies find that consumption tends to rise early in...

Persistent link: https://www.econbiz.de/10012466324

Consumption over the Life Cycle : Facts from Consumer Expenditure Survey Data

Fernandez-Villaverde, Jesus - 2002

This paper uses a seminonparametric model and Consumer Expenditure Survey data to estimate life cycle profiles of consumption, controlling for demographics, cohort and time e.ects. In addition to documenting profiles for total and nondurable consumption, we devote special attention to the age...

Persistent link: https://www.econbiz.de/10012469321

Borrowing Costs and the Demand for Equity Over the Life Cycle

Davis, Steven J. - 2002

We analyze consumption and portfolio behavior in a life-cycle model with realistic borrowing costs and income processes. We show that even a small wedge between borrowing costs and the risk-free return dramatically shrinks the demand for equity. When the cost of borrowing equals or exceeds the...

Persistent link: https://www.econbiz.de/10012469375

Consumption and Risk Sharing Over the Life Cycle

Storesletten, Kjetil - 2000

.S. savings behavior. The restrictions imposed by general equilibrium theory play an important role in arriving at each of these …

Persistent link: https://www.econbiz.de/10012470736

Consumption Over the Life Cycle

Gourinchas, Pierre-Olivier - 1999

This paper employs a synthetic cohort technique and Consumer Expenditure Survey data to construct average age-profiles of consumption and income over the working lives of typical households across different education and occupation groups. Using these profiles, we estimate a structural model of...

Persistent link: https://www.econbiz.de/10012471519