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

Publication type

Journal Article

Author

Publication date

June 1, 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

Volume: 116 (510):130-148

DOI

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

Subjects

Notes

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