Consumer Expenditures and Home Production at Retirement – New Evidence from Germany

By M. Lührmann. 2007

371 citations recorded by the source corpus.

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 89 minutes per day, accounting for 21% of average home production.

Subfields: Accounting, Economics and Econometrics, Gender Studies

View Paper: https://www.semanticscholar.org/paper/4d32dc2551c16eb7724af94385c8b995a200fd87

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Citations in the corpus

Shadow Economy: Estimation Methods, Problems, Results and Open questions (2018, background): “Schneider and Williams (2013), Feld and Schneider (2010) (8) Self-employment The higher the rate of self-employment, the more activities can be performed in the shadow economy, ceteris paribus.”
Shedding Light on the Shadow Economy: A Global Database and the Interaction with the Official One (2019, background): “6 This section follows Schneider and Enste (2002), and Feld and Schneider (2010), and Schneider (2017).”
Shadow economies all over the world : new estimates for 162 countries from 1999 to 2007 (2010, methodology): “One commonly used working definition is all currently unregistered economic activities that 8 For a literature review see Schneider and Enste (2000) and Feld and Schneider (2010).”
Shadow Economies Around the World: New Results for 158 Countries Over 1991-2015 (2017, background): “Schneider and Enste (2002), Feld and Schneider (2010), Schneider, Buehn and Montenegro (2010), Schneider (2010, 2015), Schneider and Williams (2013), Williams and Schneider (2016).”
Size and Development of the Shadow Economies of 157 Countries Worldwide: Updated and New Measures from 1999 to 2013 (2016, methodology): “See e.g. Schneider and Enste (2002), Feld and Schneider (2010), Schneider, Büehn and Montenegro (2010), Schneider (2010, 2015), Schneider and Williams (2013), Williams and Schneider (2016).”