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Journal Article

The retirement-consumption puzzle and involuntary early retirement: evidence from the British Household Panel Survey

Authors

Publication date

2006

Abstract

This article uses data from the British Household Panel Survey (BHPS) to shed further light on the fall in consumption at retirement (the .retirement-consumption puzzle.). Comparing food spending of men retiring involuntarily early (through ill health or redundancy) with spending of men who retire voluntarily, it finds a significant fall in spending only for those who retire involuntarily. This is consistent with the observed fall in spending being linked to a negative wealth shock for some retirees.

Published in

Economic Journal

Volume

116 (510):130-148

DOI

http://dx.doi.org/10.1111/j.1468-0297.2006.01080.x

Subjects

Older People, Income Dynamics, and Household Economics

Links

http://serlib0.essex.ac.uk/search/s?SEARCH=economic+journal&sortdropdown=-&x=48&y=16

Notes

Albert Sloman Library Periodicals *restricted to Univ. Essex registered users*

#508214


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