Retirement decision and household's gasoline consumption: Evidence from a Regression Discontinuity Design

Nicola Francescutto

No 24-01, IRENE Working Papers from IRENE Institute of Economic Research

Abstract: I employ household-level data over 2006-2017 to quantify the impact of retirement on gasoline consumption. Based on a fuzzy regression discontinuity design, I show that gasoline consumption declines by 32-36 percent on average over my different specifications. The reduction reaches 59-66 percent when I restrict the sample to single-person households. I further find that the probability to use any gasoline decreases by 5-6 percent at retirement (13-16 percent for single-person households). These findings suggest that demographic trends represent an important driver of CO2 emissions as- sociated with private mobility in developed countries.

Keywords: gasoline consumption; retirement effect; Household expenditure survey; fuzzy regression discontinuity design (search for similar items in EconPapers)
JEL-codes: C21 C23 D12 Q4 (search for similar items in EconPapers)
Pages: 25 pages.
Date: 2024-01
New Economics Papers: this item is included in nep-age, nep-des and nep-ene
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