Retirement and Consumption in a Life Cycle Model

By David M. Blau. Journal of Labor Economics, 2008

178 citations recorded by the source corpus.

How researchers see this paper

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Consumption and Saving: Models of Intertemporal Allocation and Their Implications for Public Policy (2010, unknown): “Indeed, David M. Blau (2008) stresses that consumption drops at retirement can be reconciled with life-time optimization if there is uncertainty over layoffs, job offers, health and mortality, and retirement is a discrete event that is freely chosen by the household.”
Retirement and Subjective Well-Being (2011, background): “date, so that the drop in consumption is bigger than expected (Blau, 2008).”
Early Retirement Behaviour in the Netherlands: Evidence From a Policy Reform (2010, unknown): “(2003), Blau (2004) , Heyma (2004), French (2005), Gustman and Steinmeier (2005).”
The Trajectory of Wealth in Retirement (2009, background): “Aguiar and Hurst (2005) find, for example, that home production allows retired households to maintain standards of living while spending less, while Blau (2008) shows that an unexpected health shock could trigger an early retirement and a subsequent decline in consumption.3 Our approach is distinct…”