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

Authors

  • Marianne Zwilling Stampe PPGE/UFRGS
    • Alexandre Alves Porsse UFPR
      • Marcelo Savino Portugal UFRGS
        • Pedro Tonon Zuanazzi FEE

          DOI:

          https://doi.org/10.22456/2176-5456.46525

          Keywords:

          Households behavior, Demographics, Retirement consumption puzzle

          Abstract

          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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          Author Biographies

          Marianne Zwilling Stampe, PPGE/UFRGS

          Programa de Pós Graduação em Economia

          Alexandre Alves Porsse, UFPR

          Professor Adjunto do Departamento de Economia

          Marcelo Savino Portugal, UFRGS

          Programa de Pós Graduação em Economia

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          Published

          2017-12-18

          How to Cite

          Stampe, M. Z., Porsse, A. A., Portugal, M. S., & Zuanazzi, P. T. (2017). THE RETIREMENT CONSUMPTION PUZZLE: EVIDENCES FOR BRAZIL AND THE STATE OF RIO GRANDE DO SUL. Análise Econômica, 35(68). https://doi.org/10.22456/2176-5456.46525

          Issue

          Vol. 35 No. 68 (2017): setembro de 2017

          Section

          Artigos

          License

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