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

Detalhes bibliográficos
Autor(a) principal: Stampe, Marianne Zwilling
Data de Publicação: 2017
Outros Autores: Porsse, Alexandre Alves, Portugal, Marcelo Savino, Zuanazzi, Pedro Tonon
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Análise Econômica (Online)
Texto Completo: https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/46525
Resumo: The 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.
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spelling THE RETIREMENT CONSUMPTION PUZZLE: EVIDENCES FOR BRAZIL AND THE STATE OF RIO GRANDE DO SULTHE RETIREMENT CONSUMPTION PUZZLE: EVIDENCES FOR BRAZIL AND THE STATE OF RIO GRANDE DO SULHouseholds behaviorDemographicsRetirement consumption puzzleD11D12J10Households behaviorDemographicsRetirement consumption puzzleD11D12J10The 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.The 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.UFRGS2017-12-18info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/4652510.22456/2176-5456.46525Análise Econômica; Vol. 35 No. 68 (2017): setembro de 2017Análise Econômica; v. 35 n. 68 (2017): setembro de 20172176-54560102-9924reponame:Análise Econômica (Online)instname:Universidade Federal do Rio Grande do Sul (UFRGS)instacron:UFRGSenghttps://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/46525/45688Copyright (c) 2019 Análise Econômicainfo:eu-repo/semantics/openAccessStampe, Marianne ZwillingPorsse, Alexandre AlvesPortugal, Marcelo SavinoZuanazzi, Pedro Tonon2017-12-19T11:42:48Zoai:seer.ufrgs.br:article/46525Revistahttps://seer.ufrgs.br/index.php/AnaliseEconomicaPUBhttps://seer.ufrgs.br/index.php/AnaliseEconomica/oai||rae@ufrgs.br2176-54560102-9924opendoar:2017-12-19T11:42:48Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS)false
dc.title.none.fl_str_mv 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
title THE RETIREMENT CONSUMPTION PUZZLE: EVIDENCES FOR BRAZIL AND THE STATE OF RIO GRANDE DO SUL
spellingShingle THE RETIREMENT CONSUMPTION PUZZLE: EVIDENCES FOR BRAZIL AND THE STATE OF RIO GRANDE DO SUL
Stampe, Marianne Zwilling
Households behavior
Demographics
Retirement consumption puzzle
D11
D12
J10
Households behavior
Demographics
Retirement consumption puzzle
D11
D12
J10
title_short THE RETIREMENT CONSUMPTION PUZZLE: EVIDENCES FOR BRAZIL AND THE STATE OF RIO GRANDE DO SUL
title_full THE RETIREMENT CONSUMPTION PUZZLE: EVIDENCES FOR BRAZIL AND THE STATE OF RIO GRANDE DO SUL
title_fullStr THE RETIREMENT CONSUMPTION PUZZLE: EVIDENCES FOR BRAZIL AND THE STATE OF RIO GRANDE DO SUL
title_full_unstemmed THE RETIREMENT CONSUMPTION PUZZLE: EVIDENCES FOR BRAZIL AND THE STATE OF RIO GRANDE DO SUL
title_sort THE RETIREMENT CONSUMPTION PUZZLE: EVIDENCES FOR BRAZIL AND THE STATE OF RIO GRANDE DO SUL
author Stampe, Marianne Zwilling
author_facet Stampe, Marianne Zwilling
Porsse, Alexandre Alves
Portugal, Marcelo Savino
Zuanazzi, Pedro Tonon
author_role author
author2 Porsse, Alexandre Alves
Portugal, Marcelo Savino
Zuanazzi, Pedro Tonon
author2_role author
author
author
dc.contributor.author.fl_str_mv Stampe, Marianne Zwilling
Porsse, Alexandre Alves
Portugal, Marcelo Savino
Zuanazzi, Pedro Tonon
dc.subject.por.fl_str_mv Households behavior
Demographics
Retirement consumption puzzle
D11
D12
J10
Households behavior
Demographics
Retirement consumption puzzle
D11
D12
J10
topic Households behavior
Demographics
Retirement consumption puzzle
D11
D12
J10
Households behavior
Demographics
Retirement consumption puzzle
D11
D12
J10
description The 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.
publishDate 2017
dc.date.none.fl_str_mv 2017-12-18
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/46525
10.22456/2176-5456.46525
url https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/46525
identifier_str_mv 10.22456/2176-5456.46525
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/46525/45688
dc.rights.driver.fl_str_mv Copyright (c) 2019 Análise Econômica
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2019 Análise Econômica
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv UFRGS
publisher.none.fl_str_mv UFRGS
dc.source.none.fl_str_mv Análise Econômica; Vol. 35 No. 68 (2017): setembro de 2017
Análise Econômica; v. 35 n. 68 (2017): setembro de 2017
2176-5456
0102-9924
reponame:Análise Econômica (Online)
instname:Universidade Federal do Rio Grande do Sul (UFRGS)
instacron:UFRGS
instname_str Universidade Federal do Rio Grande do Sul (UFRGS)
instacron_str UFRGS
institution UFRGS
reponame_str Análise Econômica (Online)
collection Análise Econômica (Online)
repository.name.fl_str_mv Análise Econômica (Online) - Universidade Federal do Rio Grande do Sul (UFRGS)
repository.mail.fl_str_mv ||rae@ufrgs.br
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