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Centre for Policy on Ageing | |
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The retirement-consumption puzzle and involuntary early retirement
— evidence from the British Household Panel Survey | | Author(s) | Sarah Smith |
| Corporate Author | Centre for Market and Public Organisation (CMPO), University of Bristol |
| Publisher | Centre for Market and Public Organisation, University of Bristol, Bristol, January 2006 |
| Pages | 22 pp (Working paper no 06/138) |
| Source | Centre for Market and Public Organisation, University of Bristol, Department of Economics, Mary Paley Building, 12 Priory Road, Bristol BS8 1TN. E-mail: cmpo-office@bristol.ac.uk Download available at:
http://www.bris.ac.uk/Depts/CMPO/workingpapers/wp1... |
| Keywords | Food expenditure ; Older men ; Retired persons ; Early retirement ; Redundancy ; Correlation. |
| Annotation | This paper 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 found in earlier research (by James Banks et al, 1998). This paper is an outcome of research conducted by the Centre for Market and Public Organisation (CMPO), University of Bristol on involuntary retirement and the retirement-consumption puzzle, which was jointly funded by the Leverhulme Trust and the Economic and Social Research Council (ESRC). (RH). |
| Accession Number | CPA-060727004 E |
| Classmark | J7: BC: BB6: G5M: WI: 49 * |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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