Replication data for: The Retirement Consumption Puzzle: Evidence from a Regression Discontinuity Approach

Principal Investigator(s): View help for Principal Investigator(s) Erich Battistin; Agar Brugiavini; Enrico Rettore; Guglielmo Weber

Version: View help for Version V1

Name	File Type	Size	Last Modified
LICENSE.txt	text/plain	14.6 KB	10/12/2019 06:09:AM
analysis.do	text/plain	7.7 KB	10/12/2019 06:09:AM
datapaper_3.dta	application/octet-stream	6.6 MB	10/12/2019 06:09:AM
datapaper_ab.dta	application/octet-stream	8 MB	10/12/2019 06:09:AM
filthy_rich_93_ab.do	text/plain	3.2 KB	10/12/2019 06:09:AM
readme.pdf	application/pdf	29.7 KB	10/12/2019 06:09:AM
samsel_ab.do	text/plain	4.6 KB	10/12/2019 06:09:AM

Project Citation:

Battistin, Erich, Brugiavini, Agar, Rettore, Enrico, and Weber, Guglielmo. Replication data for: The Retirement Consumption Puzzle: Evidence from a Regression Discontinuity Approach. Nashville, TN: American Economic Association [publisher], 2009. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113349V1

Project Description

Summary: We investigate the size of the consumption drop at retirement in Italy by exploiting pension eligibility information to correct for endogenous retirement. We take a regression discontinuity approach and assume that spending would be smooth around pension eligibility if individuals did not retire. We estimate a 9.8 percent drop associated to retirement. This fall is not driven by liquidity problems for the less well off and can be accounted for by drops in work-related expenses. Retirement also induces a significant drop in the number of grown children living with their parents and this explains most of the retirement consumption drop. (JEL D91, E21, J26, J31)

Scope of Project

JEL Classification:
      D91 Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
      E21 Macroeconomics: Consumption; Saving; Wealth
      J26 Retirement; Retirement Policies
      J32 Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions

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V1 [2019-10-12]

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