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Life-cycle consumption patterns at older ages in the US and the UK : can medical expenditures explain the difference?

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Life-cycle consumption patterns at older ages in the US and the UK : can medical expenditures explain the difference?

Banks, James; Blundell, Richard W.; Levell, Peter; … - 2015

In this paper we document significantly steeper declines in nondurable expenditures in the UK compared to the US, in spite of income paths being similar. We explore several possible causes, including different employment paths, housing ownership and expenses, levels and paths of health status,...

Persistent link: https://www.econbiz.de/10010498398