Search Results - subject:"Life-cycle model of consumption"

A simulated financial savings task for studying consumption and retirement decision making

Koehler, Derek J.; Langstaff, Jesse; Liu, Wu-Qi - In: Journal of Economic Psychology 46 (2015) C, pp. 89-97

We describe a simulated financial decision making task that requires the participant to make decisions, over the course of a life cycle, regarding how much of their income to consume immediately and how much to save for a later retirement phase in which no income will be generated. The savings...

Persistent link: https://www.econbiz.de/10011193969

A simulated financial savings task for studying consumption and retirement decision making

Koehler, Derek J.; Langstaff, Jesse; Liu, Wu-Qi - In: Journal of economic psychology : research in economic … 46 (2015), pp. 89-97

Persistent link: https://www.econbiz.de/10011413159

The retirement-consumption puzzle and involuntary early retirement: Evidence from the British Household Panel Survey

Smith, Sarah - Centre for Market and Public Organisation (CMPO), … - 2006

forward-looking life-cycle model of consumption and saving, it may suggest that they have not saved enough. But, before … observed fall in spending being linked to a negative wealth shock for some retirees. Keywords: Retirement, life-cycle … model of consumption and saving JEL Classification: D91, J26 Acknowledgements I would like to thank Richard …

Persistent link: https://www.econbiz.de/10005577233

Can the retirement-consumption puzzle be resolved?: evidence from the British Household Panel Survey.

Smith, Sarah - London School of Economics (LSE) - 2005

This paper uses data from the British Household Panel Survey to shed further light on the fall in spending at retirement (the “retirement-consumption puzzle”). Comparing food spending for men retiring involuntarily early (through ill health or redundancy) with spending for those who retire...

Persistent link: https://www.econbiz.de/10011071203