-2005. We find that the time individuals have allocated to leisure has increased in the U.S. for both men and women during this … increase in leisure inequality, particularly for men. Over the last 20 years, less educated men increased the time they … allocated to leisure while more educated men recorded a decrease in leisure time. While the relative decline in the employment …

We revisit the alleged retirement consumption puzzle. According to the life-cycle theory, foreseeable income reductions … such as those around retirement should not affect consumption. However, we first recall that given higher leisure … leisure, and we control for the leisure change in our empirical specifications, using micro data for Germany (SOEP), where …