Population Ageing, Retirement and Consumption: Is There Retirement Consumption Puzzle in China?
Ke-zhong, Zhang; & Qiu-chuan, Jiang. (2013). Population Ageing, Retirement and Consumption: Is There Retirement Consumption Puzzle in China? Population & Economics, 5, 3.
Ke-zhong, Zhang; & Qiu-chuan, Jiang. (2013). Population Ageing, Retirement and Consumption: Is There Retirement Consumption Puzzle in China? Population & Economics, 5, 3.
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"Retirement consumption puzzle" means that households reduce consumption at the age of retirement. This paper explores the effect of retirement on household consumption using data from the China Health and Nutrition Survey. We find that urban households reduce their food consumption at the age of retirement and home production is not a reasonable explanation for this drop.Retirement has different effect on household consumption of retirees from private and public sectors. Retirement has no significant effect on household consumption of retirees from private sectors while it has significantly negative effect on consumption of retirees from private sectors.
JOUR
Ke-zhong, Zhang
Qiu-chuan, Jiang
2013
Population & Economics
5
3
2078