THE RETIREMENT CONSUMPTION PUZZLE: EVIDENCES FOR BRAZIL AND THE STATE OF RIO GRANDE DO SUL

THE RETIREMENT CONSUMPTION PUZZLE: EVIDENCES FOR BRAZIL AND THE STATE OF RIO GRANDE DO SUL

dc.contributoren-US
dc.contributorpt-BR
dc.creatorStampe, Marianne Zwilling
dc.creatorPorsse, Alexandre Alves
dc.creatorPortugal, Marcelo Savino
dc.creatorZuanazzi, Pedro Tonon
dc.date2017-12-18
dc.date.accessioned2018-11-07T19:16:07Z
dc.date.available2018-11-07T19:16:07Z
dc.identifierhttps://seer.ufrgs.br/AnaliseEconomica/article/view/46525
dc.identifier10.22456/2176-5456.46525
dc.identifier.urihttp://repositorioslatinoamericanos.uchile.cl/handle/2250/2176797
dc.descriptionThe life cycle/permanent income theories predict that consumption would be constant over time but such result has been challenged by some empirical studies which show a systemic decrease in consumption at retirement. This paper aims to investigate the so-called retirement consumption puzzle for Brazil and the State of Rio Grande do Sul. We estimated consumption functions controlling age effects for 12 composite goods using information from the 2008-2009 Household Budget Survey. The results showed that households’ expenditures systematic decrease with age for 7 composite goods (food, clothing, transport, hygiene, education, recreation and miscellaneous) and increase with age for 2 composite good (health care and housing). The patterns found to the households’ expenditures by age structure brings evidence of retirement consumption puzzle in Brazil.en-US
dc.descriptionThe life cycle/permanent income theories predict that consumption would be constant over time but such result has been challenged by some empirical studies which show a systemic decrease in consumption at retirement. This paper aims to investigate the so-called retirement consumption puzzle for Brazil and the State of Rio Grande do Sul. We estimated consumption functions controlling age effects for 12 composite goods using information from the 2008-2009 Household Budget Survey. The results showed that households’ expenditures systematic decrease with age for 7 composite goods (food, clothing, transport, hygiene, education, recreation and miscellaneous) and increase with age for 2 composite good (health care and housing). The patterns found to the households’ expenditures by age structure brings evidence of retirement consumption puzzle in Brazil.pt-BR
dc.formatapplication/pdf
dc.languageeng
dc.publisherUFRGSpt-BR
dc.relationhttps://seer.ufrgs.br/AnaliseEconomica/article/view/46525/45688
dc.relationhttps://seer.ufrgs.br/AnaliseEconomica/article/downloadSuppFile/46525/24739
dc.rightsDireitos autorais 2017 Análise Econômicapt-BR
dc.sourceAnálise Econômica; v. 35, n. 68 (2017): setembro de 2017en-US
dc.sourceAnálise Econômica; v. 35, n. 68 (2017): setembro de 2017pt-BR
dc.source2176-5456
dc.source0102-9924
dc.subjectMicroeconomics; Consumer Economics: Theory; Consumer Economics: Empirical Analysisen-US
dc.subjectHouseholds behavior; Demographics; Retirement consumption puzzleen-US
dc.subjectD11; D12; J10en-US
dc.subjectpt-BR
dc.subjectHouseholds behavior; Demographics; Retirement consumption puzzlept-BR
dc.subjectD11; D12; J10pt-BR
dc.titleTHE RETIREMENT CONSUMPTION PUZZLE: EVIDENCES FOR BRAZIL AND THE STATE OF RIO GRANDE DO SULen-US
dc.titleTHE RETIREMENT CONSUMPTION PUZZLE: EVIDENCES FOR BRAZIL AND THE STATE OF RIO GRANDE DO SULpt-BR
dc.typeArtículos de revistas
dc.typeArtículos de revistas


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