Retirement consumption: Insights from a survey

John Ameriks, Andrew Caplin, John Leahy

    Research output: Contribution to journalArticle

    Abstract

    Prior research has established that consumption falls significantly at retirement. What is not known is the extent to which this fall is anticipated during the working years. Using data from a new survey, we show that many working households do expect a considerable fall in consumption when they retire. In fact, those who are already retired report significantly smaller falls in consumption than are expected by those who are still working.

    Original languageEnglish (US)
    Pages (from-to)265-274
    Number of pages10
    JournalReview of Economics and Statistics
    Volume89
    Issue number2
    DOIs
    StatePublished - May 2007

    ASJC Scopus subject areas

    • Social Sciences (miscellaneous)
    • Economics and Econometrics

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