effects of wealth components on consumption expenditures of retired elderly households
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effects of wealth components on consumption expenditures of retired elderly households

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Published .
Written in English


  • Consumption (Economics),
  • Aged -- Economic conditions.,
  • Retirees -- Economic conditions.

Book details:

Edition Notes

Statementby Hee-Sook Lee.
The Physical Object
Pagination150 leaves, bound. ;
Number of Pages150
ID Numbers
Open LibraryOL15390018M

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dividuals within households, and determine how those standards of living change with retirement, illness, and widowhood. For an individual living alone, the link between consumption expenditures and attained stan-dard of living is immediate; indeed, the latter is generally dened in terms of the former. But. Health and Retirement Effects in a Collective Consumption Model of Older Households lence scales, Indifference scales, Cost of Living, The Elderly, Consumption, Welfare. This research was supported in part by the Steven H. Sandell Grant Program, Center for Retirement Re- the link between consumption expenditures and attained stan-. consumption expenditures (except for an experimental con-sumption module included in Indonesia in , a feature that we exploit later in this paper). Our proposed method for estimating household wealth in the DHS/NFHS allows estimates of the association of wealth with education across households and permits a comparison ofCited by:   Using the consumption expenditure data, National Sample Survey, –, this paper test the hypothesis that the monthly per capita household health spending of elderly households is significantly higher than non-elderly households in India. The households are classified into three mutually exclusive groups; households with only elderly members (elderly households), households Cited by:

Consumption patterns and economic status of older households in the United States This article holistically maps the consumption patterns of older Americans and compares the economic status of different groups (clusters) of elderly U.S. consumers. Using data from the – Consumer Expenditure Survey. The Dynamics of Housing Demand by the Elderly: Wealth, Cash Flow, and Demographic Effects Jonathan Feinstein, Daniel McFadden. NBER Working Paper No. Issued in December NBER Program(s):Economics of Aging. Using Waves one through fifteen of the PSID data set, we investigate the pattern of housing mobility amongst the elderly. Expenditures of Consumer Units, by Age. The Expenditures of the Aged Chartbook also contains many charts that compare expenditures for three age groups; the near aged (55–64) are compared with those aged 65–74 and 75 or older. Charts that present data by age group also show comparable data for those aged 65 or older as a whole; those data are given in either a table or a shaded bar that Author: Kimberly Burham. The pattern of wealth effects across age groups is also analyzed. We find large and statistically significant housing wealth effects for prime age households. Overall, the largest wealth effects are for owner occupied housing, followed by secondary housing, with financial wealth effects being smaller and .

However, these wealth shocks appear to have had modest effects on the current consumption expenditure of households, and to have led to quite small revisions to expectations regarding future financial security and bequests. Shocks to different kinds of wealth have different effects and, in particular, expectations of bequests seem tied to housing. A life-cycle savings model was tested to analyze consumption patterns of elderly U.S. households, using the and BLS Interview Survey of Consumer Expenditures. Household Life-Cycle Effects on Consumer Wealth and Well-Being for the Recently Retired Article in Journal of Macromarketing 27(4) December with 17 Reads How we measure 'reads'. Wealth Depletion and Life-Cycle Consumption For example, if r = and p = 0, consumption will begin to fall at about age 66 for males and age 74 for consumption declines with age, wealth must also decline: if dw,ldt were positive and dc,ldt negative, eLr--L>0, dw, dc dt2 dt dt which implies that dwjdt would remain positive for all future ages, violating.