Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/79786
Authors: 
Klos, Alexander
Rottke, Simon
Year of Publication: 
2013
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2013: Wettbewerbspolitik und Regulierung in einer globalen Wirtschaftsordnung - Session: Household Behavior C12-V3
Abstract: 
Based on the German Socio-economic Panel (SOEP), we show that household consumption drops and saving rises significantly within four years after a child moves out of a household. Per capita consumption of parents is approximately leveled up to that of childless peers after all children are gone. We conclude with respect to the adequacy of saving rates that calibrated life-cycle models assuming a smoothing of per capita consumption for parents with children in the household underestimate the wealth needed to smooth consumption in the long run.
JEL: 
D12
D14
D10
Document Type: 
Conference Paper

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