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dc.contributor.authorSmart Bakken, Lineen_US
dc.date.accessioned2012-09-20T13:17:38Z-
dc.date.available2012-09-20T13:17:38Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/63191-
dc.description.abstractThe aim of this paper is to investigate income, saving and consumption for households around retirement age. When doing this, there are different objectives which can be analyzed. First of all it is possible to get some insight of welfare of elderly when they reach retirement. Second, it is interesting to check the predictions of the life-cycle model by investigating consumption trends of households. Register data files are used to construct households which are used in the analysis throughout the paper. Modeling was done for a particular group of Norwegian households who were tracked through their retirement transition period. For each household there are characterizations such as pension income, labor income, wealth accumulation, saving and consumption. The results show that the households increase their after tax income and consumption, and have a high level of net financial wealth. In addition is a connection between high income replacement ratio and low income before retirement found. Households who have high income replacement ratios increase consumption more than households with low income replacement. The results also suggest that retirement decisions are independent of other decision making such as consumption and saving.en_US
dc.language.isoengen_US
dc.publisherDep. of Economics, Univ. of Oslo Osloen_US
dc.relation.ispartofseriesMemorandum, Department of Economics, University of Oslo 2006,22en_US
dc.subject.jelE21en_US
dc.subject.ddc330en_US
dc.subject.keywordLife-cycle modelen_US
dc.subject.keywordpension incomeen_US
dc.subject.keywordhouseholdsen_US
dc.subject.keywordincome replacementen_US
dc.subject.keywordretirement behavioren_US
dc.subject.stwÄltere Arbeitskräfteen_US
dc.subject.stwAltersgrenzeen_US
dc.subject.stwHaushaltseinkommenen_US
dc.subject.stwSparenen_US
dc.subject.stwLebenszyklusen_US
dc.subject.stwNorwegenen_US
dc.titleThe golden age of retirementen_US
dc.typeWorking Paperen_US
dc.identifier.ppn518562018en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Memorandum, Department of Economics, University of Oslo

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