کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
964970 | 930672 | 2012 | 22 صفحه PDF | دانلود رایگان |
![عکس صفحه اول مقاله: The impact of retirement on household consumption in Japan The impact of retirement on household consumption in Japan](/preview/png/964970.png)
Using monthly data from the Japanese Family Income and Expenditure Survey, we examine the impact of retirement on household consumption. We find little evidence of an immediate change in consumption at retirement, on average, in Japan. However, we find a decrease in consumption at retirement for low income households that is concentrated in food and work-related consumption. The availability of substantial retirement bonuses to a large share of Japanese retirees may help smooth consumption at retirement. We find that those households that are more likely to receive such bonuses experience a short-run consumption increase at retirement. However, among households that are less likely to receive a retirement bonus, we find that consumption decreases at retirement.
► We examine the impact of retirement on household consumption in Japan.
► We find little evidence of an immediate change in consumption at retirement.
► Substantial retirement bonuses might be used to help smooth consumption.
Journal: Journal of the Japanese and International Economies - Volume 26, Issue 1, March 2012, Pages 62–83