Do you need less money in retirement?

Martina Celidoni and Guglielmo Weber

Economics Letters, 2020, vol. 189, issue C

Abstract: The literature has documented a one-off drop in consumption at retirement in Italy. We show that respondents’ subjective evaluation of the minimum amount of money needed “to live comfortably but not in luxury” drops at retirement as well. This finding supports the idea that, even if expenditure falls at retirement, this may have the same effect on money needed, hence no effect on the marginal utility of consumption.

Keywords: Retirement consumption puzzle; Minimum spending question; RDD (search for similar items in EconPapers)
JEL-codes: D12 D91 J14 J26 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:189:y:2020:i:c:s0165176520300471

DOI: 10.1016/j.econlet.2020.109026

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