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

Nicolas Moreau and Elena Stancanelli ()
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Elena Stancanelli: PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique

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Abstract: Previous literature has investigated the drop in household consumption after the retirement of the household head, referred to as the so-called 'retirement consumption puzzle'. This article expands on these studies by taking the retirement of the wife into consideration, thus distinguishing between 'dualearner' households and those in which the wife is a 'housewife'. A regression discontinuity approach is used to estimate the effect of each partner's retirement on household consumption. The analysis data are derived from the 2001 French Consumer Budget Survey that collected two-week expenditure diaries. The findings indicate a significant and sizable decrease in clothing expenditure upon the retirement of the male partner.

Keywords: Household Consumption; Retirement; regression discontinuity; ageing (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (14)

Published in Annales d'Economie et de Statistique, 2015, Special issue on the Economics of gender, 115-117, pp.253-276. ⟨10.15609/annaeconstat2009.117-118.253⟩

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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 (2013)
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:hal-01044871

DOI: 10.15609/annaeconstat2009.117-118.253

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