Previous research has repeatedly found a puzzling one-time drop in the mean and median of consumption at retirement, contrary to the predictions of the life-cycle hypothesis. However, very little is known as to whether these effects vary across the consumption distribution. This study expands...

Recent studies have shown that food consumption declines at retirement. We use broader definitions of consumption from the Consumer Expenditure Survey and find that the so-called retirement consumption puzzle is solved by using comprehensive consumption data.

A common caveat often accompanying results relying on household surveys regards respondent error. There is research using administrative data to estimate the extent of error, the correlates of error, and potential corrections for the error. The authors investigate measurement error in occupation...