English, Article, Journal or magazine article edition: (UBS Pensions Series 033) Can the retirement-consumption puzzle be resolved? Evidence from the British Household Panel Survey Sarah Smith

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Bookmark: http://trove.nla.gov.au/version/44641
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • (UBS Pensions Series 033) Can the retirement-consumption puzzle be resolved? Evidence from the British Household Panel Survey
Author
  • Sarah Smith
Physical Description
  • preprint
Notes
  •   This paper uses data from the British Household Panel Survey to shed further light on the fall in spending at retirement (the “retirement-consumption puzzle”).  Comparing food spending for men retiring involuntarily early (through ill health or redundancy) with spending for those 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.  Evidence on psychological and financial well-being also indicates that the retirement experience of involuntary retirees is very different to that of voluntary retirees.    
  • RePEc:fmg:fmgdps:dp528
Language
  • English
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