Household Consumption at Retirement: A Regression Discontinuity Study on French Data

Nicolas Moreau and Elena Stancanelli

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

Abstract: Earlier literature has investigated the drop in household consumption upon retirement of the head of the household, the so-called "retirement consumption puzzle". Here, we expand on these studies by considering also retirement of the wife, thus distinguishing households in which the wife is a "housewife" from 'dual-earners'. We use a regression discontinuity approach to estimate the effect of each partner's retirement on household consumption. We use for the analysis data drawn from the French Consumer Budget Survey 2001 that collected two-week expenditure diaries. We find a significant and sizable drop in food and clothes expenditure upon retirement of the male partner. However, the drop in food expenditure is not robust to specification checks and it becomes statistically insignificant when dropping from the sample couples in which the wife is a housewife.

Keywords: regression discontinuity; ageing; retirement; Retraites; consommation; régression discontinuité; Consumption (search for similar items in EconPapers)
Date: 2013
New Economics Papers: this item is included in nep-age
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00881215v1
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Citations: View citations in EconPapers (22)

Published in 2013

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Related works:
Journal Article: Household Consumption at Retirement: A Regression Discontinuity Study on French Data (2015)
Working Paper: Household Consumption at Retirement: a Regression Discontinuity Study on French Data (2015)
Working Paper: Household Consumption at Retirement: a Regression Discontinuity Study on French Data (2015)
Working Paper: Household Consumption at Retirement: a Regression Discontinuity Study on French Data (2015)
Working Paper: Household Consumption at Retirement: A Regression Discontinuity Study on French Data (2013)
Working Paper: Household Consumption at Retirement: A Regression Discontinuity Study on French Data (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:cesptp:halshs-00881215

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