Are the Consumption Patterns of Elderly Households Consistent with a Life-Cycle Model?

A life-cycle savings model was tested to analyze consumption patterns of elderly U.S. households, using the 1990 and 1991 BLS Interview Survey of Consumer Expenditures. The model implies substantial, planned decreases in consumption after retirement, regardless of income patterns. The empirical analysis suggests that as the world population ages, total consumption will decrease, as will most categories of consumption

MoreLess

Year of publication:	2016
Authors:	Mok, Chiu-Fui
Other Persons:	Wang, Hui (contributor) ; Hanna, Sherman D. (contributor)
Publisher:	[2016]: [S.l.] : SSRN
Subject:	Lebenszyklus \| Life cycle \| Privater Konsum \| Private consumption \| Konsumentenverhalten \| Consumer behaviour \| Ältere Menschen \| Elderly people \| Theorie \| Theory \| Privater Haushalt \| Household \| Altersgruppe \| Age group

Extent:	1 Online-Ressource (18 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Chiu Fui Joyce Mok, Hui Wang, and Sherman D. Hanna (1994) ,"Are Consumption Patterns of Elderly Households Consistent With a Life-Cycle Model?", Asia Pacific Advances in Consumer Research Volume 1, 1994, Pages 237-245 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 21, 1994 erstellt
Classification:	D14 - Personal Finance ; D81 - Criteria for Decision-Making under Risk and Uncertainty ; D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; G11 - Portfolio Choice
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012986420