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Erscheinungsjahr: 
2016
Schriftenreihe/Nr.: 
Upjohn Institute Working Paper No. 16-251
Verlag: 
W.E. Upjohn Institute for Employment Research, Kalamazoo, MI
Zusammenfassung: 
This paper investigates household consumption changes at retirement by utilizing a comprehensive, diary-based household survey from China. The survey contains both consumption quantity and price information, which permits separating quantity changes from price changes. The mandatory retirement policy in China provides a quasi-experimental setting for identification of the true causal effects of fully anticipated retirement. Using regression discontinuity models, we show that food expenditure declines at retirement, particularly among the low-education group, and that the decline is driven by price declines instead of quantity declines. Shopping time for food increases at retirement, consistent with the price and quantity changes.
Schlagwörter: 
Retirement-consumption puzzle
Mandatory retirement
Regression discontinuity
Consumption vs. expenditure
Time use
Home production
JEL: 
J26
C21
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
Working Paper

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