The life-cycle hypothesis implies that consumption would not decline at retirement. However, several studies found relevant declines in food consumption after retirement for the United States. Others concluded that this contradiction of the life-cycle hypothesis is solved by allowing for broader...

Mit der Begründung drohender Altersarmut wird seit einiger Zeit bereits die Eingliederung der bislang nicht gesetzlich versicherten Selbstständigen in die Gesetzliche Rentenversicherung diskutiert. Allerdings ist empirisch sehr wenig über die Altersvorsorge und die Vermögenssituation der...

In this paper, I study technological change as a candidate for the observed increase in consumption inequality in the United States. I build an incomplete market model with educational choice combined with a task-based model on the production side. I consider two channels through which...