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Thompson says criminal justice policies led to creation of prison gangs like Aryan Brotherhood

Schmitz finds job loss before retirement age contributes to weight gain, especially in men

Kimball says Fed should get comfortable with "backtracking"

Highlights

Overview of Michigan's advanced research computing resources, Monday, June 27, 9-10:30 am, BSRB - Kahn Auditorium

U-M's Data Science Initiative offers expanded consulting services via CSCAR

Elizabeth Bruch promoted to Associate Professor

Susan Murphy elected to the National Academy of Sciences

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PSC Brown Bags
will resume fall 2016

Melvin Stephens, Jr photo

Caloric Intake Changes at Retirement: Evolution Over Time

a PSC Research Project [ARCHIVE DISPLAY]

Investigator:   Melvin Stephens

Understanding whether households are adequately saving for retirement has generated much interest among economists and policymakers. Although assessing savings adequacy can be difficult due to heterogeneity in income, preferences, risk attitudes, etc. across households, economists have relied on the Life-Cycle/Permanent Income Hypothesis (LCPIH) which predicts that consumption should not fall at retirement if households correctly anticipate leaving the labor force and the associated decline in income. The literature finds that consumption expenditures generally fall at retirement in the U.S. although recent evidence finds that these changes at retirement are much larger in the 1970s than in the 1990s. A notable paper argues that consumption expenditures do not perfectly correspond to our theoretical notion of consumption and finds that caloric intake does not fall at retirement using data from the 1990s. Using numerous data sources on food intake in the 1970s and 1980s, this project examines whether the diminishing impact of retirement on consumption expenditures over time is also found for caloric intake.

Funding Period: 07/01/2011 to 06/30/2012

Country of Focus: USA

This PSC Archive record is displayed for historical reference.

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