Consumption, Retirement and Life-cycle Prices: Evidence From Spain.
Evidence from several countries reveals a substantial drop in household consumption around retirement age that some researchers believe is difficult to reconcile with standard life-cycle models. Using detailed expenditure data from a Spanish panel survey, we find no evidence of a consumption-retire...
Egile Nagusiak: | Sevilla-Sanz, A, Luengo-Prado, M |
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Formatua: | Working paper |
Hizkuntza: | English |
Argitaratua: |
Department of Economics (University of Oxford)
2010
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