In this paper, we investigate the way consumption changes around retirement in Italy. Using micro data covering the 1985–1996 period, we document the existence of a one-off drop in consumption at retirement of the household head, as in the UK and the US, but (at 5.44%) smaller in size, and show that consumption of work-related goods falls around retirement and home production of food and other goods increases.
How Does Consumption Change Upon Retirement?
WEBER, GUGLIELMO
2009
Abstract
In this paper, we investigate the way consumption changes around retirement in Italy. Using micro data covering the 1985–1996 period, we document the existence of a one-off drop in consumption at retirement of the household head, as in the UK and the US, but (at 5.44%) smaller in size, and show that consumption of work-related goods falls around retirement and home production of food and other goods increases.File in questo prodotto:
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