Abstract
In this paper, we investigate the way consumption changes around retirement in Italy. Using micro data covering the 1985–1996 period, we document the existence of a one-off drop in consumption at retirement of the household head, as in the UK and the US, but (at 5.44%) smaller in size, and show that consumption of work-related goods falls around retirement and home production of food and other goods increases.
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Miniaci, R., Monfardini, C. & Weber, G. How does consumption change upon retirement?. Empir Econ 38, 257–280 (2010). https://doi.org/10.1007/s00181-009-0265-y
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DOI: https://doi.org/10.1007/s00181-009-0265-y