Replication data for: The Composition Effect of Consumption around Retirement: Evidence from Singapore
Principal Investigator(s): View help for Principal Investigator(s) Sumit Agarwal; Jessica Pan; Wenlan Qian
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
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| Data_AERPP_Agarwal_Pan_Qian | 10/12/2019 10:13:AM | ||
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text/plain | 14.6 KB | 10/12/2019 06:13:AM |
Project Citation:
Agarwal, Sumit, Pan, Jessica, and Qian, Wenlan. Replication data for: The Composition Effect of Consumption around Retirement: Evidence from Singapore. Nashville, TN: American Economic Association [publisher], 2015. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113356V1
Project Description
Summary:
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It is well established that consumption is "hump" shaped over an individual's lifecycle, peaking in middle age and then declining in the years that follow. Prior research has documented that consumption declines at retirement, which is inconsistent with the standard lifecycle model with consumption smoothing. Using a unique dataset with detailed administrative records of credit and debit card transactions, we show the hump shaped lifecycle consumption pattern as documented in the literature. Additionally, we show compositional changes in consumption expenditures across individuals in the years surrounding retirement confirming the results of Aguiar and Hurst (2005, 2013).
Scope of Project
JEL Classification:
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D12 Consumer Economics: Empirical Analysis
D91 Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
J26 Retirement; Retirement Policies
D12 Consumer Economics: Empirical Analysis
D91 Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
J26 Retirement; Retirement Policies
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