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The Review of Economics and Statistics Vol. 89 No. 2 2007

Retirement Consumption: Insights from a Survey

John Ameriks1,2; Andrew Caplin3,4; John Leahy3,4

1 Vanguard University · 2 Vanguard (United States) · 3 National Bureau of Economic Research · 4 New York University

open access

Abstract

Prior research has established that consumption falls significantly at retirement. What is not known is the extent to which this fall is anticipated during the working years. Using data from a new survey, we show that many working households do expect a considerable fall in consumption when they retire. In fact, those who are already retired report significantly smaller falls in consumption than are expected by those who are still working.

DOI
10.1162/rest.89.2.265
Volume
89
Issue
2
Pages
265-274
Language
en
Sources
openalex crossref

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