Economics at your fingertips  

Health and Retirement Effects in a Collective Consumption Model of Older Households

Aline Bütikofer, Arthur Lewbel () and Shannon Seitz ()

No 767, Boston College Working Papers in Economics from Boston College Department of Economics

Abstract: Using data on elderly individuals and couples, we estimate a collective model of household consumption of a variety of goods, showing how resources are shared between husband and wife, and how this allocation is affected by retirement and health status. We identify the extent to which shared consumption of some goods by elderly married couples reduces their costs of living relative to living alone. We also identify the fraction of household resources consumed by wives versus husbands, taking this jointness of some consumption into account. The results are relevant for household bargaining models and for a variety of welfare calculations.

Keywords: Collective household models; Bargaining models; Retirement; Aging; Health; Equivalence scales; Indifference scales; Cost of Living; Consumption; Welfare (search for similar items in EconPapers)
JEL-codes: C30 D12 D13 D6 I1 (search for similar items in EconPapers)
Date: 2010-12-15, Revised 2011-01-15
New Economics Papers: this item is included in nep-age, nep-hea and nep-ltv
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7) Track citations by RSS feed

Downloads: (external link) main text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this paper

More papers in Boston College Working Papers in Economics from Boston College Department of Economics Boston College, 140 Commonwealth Avenue, Chestnut Hill MA 02467 USA. Contact information at EDIRC.
Bibliographic data for series maintained by Christopher F Baum ().

Page updated 2023-06-01
Handle: RePEc:boc:bocoec:767