Consumer Expenditures and Home Production at Retirement: New Evidence from Germany

Melanie Lührmann

No 07-13, Sonderforschungsbereich 504 Publications from Sonderforschungsbereich 504, Universität Mannheim, Sonderforschungsbereich 504, University of Mannheim

Abstract: This paper investigates consumer expenditures of German households pre- and post-retirement. The widely observed distinct drop in spending upon retirement entry poses an empirical puzzle since life cycle theory predicts smoothing of the marginal utility of consumption over time. As one explanation, I explore the role of home production as a substitute for consumer expenses. Taking a combined look at consumer expenditures and time use pre and post-retirement, I find a significant drop of about 17% of pre-retirement expenses at retirement which coincides with an increase in time spent on home production of an additional 33% per day.

Pages: 19 pages
Date: 2007-03-30
Note: Financial support from the Deutsche Forschungsgemeinschaft, SFB 504, at the University of Mannheim, is gratefully acknowledged.
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Consumer Expenditures and Home Production at Retirement – New Evidence from Germany (2010)
Journal Article: Consumer Expenditures and Home Production at Retirement – New Evidence from Germany (2010)
Working Paper: Consumer Expenditures and Home Production at Retirement - New Evidence from Germany (2007)
Working Paper: Consumer expenditures and home production at retirement: new evidence from Germany (2007)
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