| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
AN ANALYSIS OF THE RETIREMENT-CONSUMPTION PUZZLE FOR FOOD-AT-HOME AND AWAY-FROM-HOME EXPENDITURES IN GERMANY
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| Autores: |
Drescher, Larissa S.
Roosen, Jutta
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| Data: |
2011-10-10
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| Ano: |
2010
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| Palavras-chave: |
Cohort analysis
Retirement-consumption puzzle
Food-at-home expenditures
Food-away- from-home expenditures
Germany
Agricultural and Food Policy
Consumer/Household Economics
Demand and Price Analysis
Food Consumption/Nutrition/Food Safety
Food Security and Poverty
Health Economics and Policy
D91
E21
J10
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| Resumo: |
According to Ando and Modigliani (1957), consumers pass different stages of a lifecycle with different impact on demand. The criticism that the life-cycle theory neglects generational effects and concentrates on ageing effects only has led to the application of the cohort analysis which decomposes not only age, but also period and cohort effects. Following these ideas, this paper presents results of a cohort analysis on food-at-home and away-from-home consumption covering 25 years of German consumption data. Special attention is given to the retirement-consumption puzzle which is the unanticipated drop in consumption after retirement. Results of seemingly unrelated regressions indicate that there are significant age, period and cohort effects of food-at-home and away-from-home expenditures which are more distinct for at-home consumption. Among others, pensioners appear to have significantly lower expenditures for food-at-home and food-away-from-home than non-retired households which points towards the existence of a retirement-consumption puzzle for these two consumption groups.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/116441
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| Relação: |
European Association of Agricultural Economists>115th Joint EAAE/AAEA Seminar, September 15-17, 2010, Freising-Weihenstephan, Germany
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| Formato: |
25
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