Consumer expenditures and home production at retirement : new evidence from Germany


Lührmann, Melanie


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URL: https://ub-madoc.bib.uni-mannheim.de/2554
URN: urn:nbn:de:bsz:180-madoc-25549
Document Type: Working paper
Year of publication: 2007
The title of a journal, publication series: Rationalitätskonzepte, Entscheidungsverhalten und ökonomische Modellierung
Volume: 07-13
Place of publication: Mannheim
Publication language: English
Institution: School of Law and Economics > Sonstige - Fakultät für Rechtswissenschaft und Volkswirtschaftslehre
MADOC publication series: Sonderforschungsbereich 504 > Rationalitätskonzepte, Entscheidungsverhalten und ökonomische Modellierung (Laufzeit 1997 - 2008)
Subject: 330 Economics
Classification: JEL: J26 D91 D13 D12 ,
Subject headings (SWD): Deutschland , Verbraucherverhalten , Haushaltsproduktion , Altersgrenze , Lebensdauer , Zeitbudgetforschung
Keywords (English): Consumer Demand , Time Use , Retirement , Life Cycle Model
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.
Additional information:

Dieser Eintrag ist Teil der Universitätsbibliographie.

Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Lührmann, Melanie (2007) Consumer expenditures and home production at retirement : new evidence from Germany. Open Access Rationalitätskonzepte, Entscheidungsverhalten und ökonomische Modellierung Mannheim 07-13 [Working paper]
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