Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/172213 
Year of Publication: 
2016
Series/Report no.: 
Upjohn Institute Working Paper No. 16-251
Publisher: 
W.E. Upjohn Institute for Employment Research, Kalamazoo, MI
Abstract: 
This paper investigates household consumption changes at retirement by utilizing a comprehensive, diary-based household survey from China. The survey contains both consumption quantity and price information, which permits separating quantity changes from price changes. The mandatory retirement policy in China provides a quasi-experimental setting for identification of the true causal effects of fully anticipated retirement. Using regression discontinuity models, we show that food expenditure declines at retirement, particularly among the low-education group, and that the decline is driven by price declines instead of quantity declines. Shopping time for food increases at retirement, consistent with the price and quantity changes.
Subjects: 
Retirement-consumption puzzle
Mandatory retirement
Regression discontinuity
Consumption vs. expenditure
Time use
Home production
JEL: 
J26
C21
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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