Adequacy of Economic Resources in Retirement and Returns-to-scale in Consumption
dc.contributor.author | Hurd, Michael D. | |
dc.contributor.author | Rohwedder, Susann | |
dc.date.accessioned | 2008-07-07T14:56:21Z | |
dc.date.available | 2008-07-07T14:56:21Z | |
dc.date.issued | 2008-05 | |
dc.identifier.other | WP 2008-174 | |
dc.identifier.uri | https://hdl.handle.net/2027.42/60323 | |
dc.description.abstract | Most assessments of the adequacy of retirement resources are expressed as a comparison of preretirement income to immediate post-retirement income. Yet, among couples a substantial fraction of retirement years is eventually spent by the surviving spouse living alone. To the extent that singles need less than couples to maintain the same standard of living, assessments of the adequacy of economic resources that make no adjustment for widowing will systematically misstate economic preparation. We estimate returns-to-scale parameters in spending by older households, using data from the Consumption and Activities Mail Survey and apply these to assessments of adequacy of retirement resources. | en_US |
dc.description.sponsorship | Social Security Administration | en_US |
dc.format.extent | 130211 bytes | |
dc.format.mimetype | application/pdf | |
dc.language.iso | en_US | en_US |
dc.publisher | Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104 | en_US |
dc.relation.ispartofseries | UM07-07 | en_US |
dc.relation.ispartofseries | WP 2008-174 | en_US |
dc.title | Adequacy of Economic Resources in Retirement and Returns-to-scale in Consumption | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Population and Demography | |
dc.subject.hlbtoplevel | Social Sciences | |
dc.contributor.affiliationum | RAND | en_US |
dc.contributor.affiliationumcampus | Ann Arbor | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/60323/1/wp174.pdf | |
dc.owningcollname | Retirement and Disability Research Center, Michigan (MRDRC) |
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