Home > Publications . Search All . Browse All . Country . Browse PSC Pubs . PSC Report Series

PSC In The News

RSS Feed icon

Indian lab cofounded by Adhvaryu demonstrates links among women's skills training, employment, welfare, and company profits

Bleakley says state educational initiatives favoring skills-oriented career training may have more ROI for employers than workers

Bailey's study linking Pill access to women's wage gains bolsters NYT critique of federal anti-contraception moves

More News


Live coverage of former Census director on crucial issues surrounding Census 2020. TODAY 2 pm.

PDHP invites applications for Faculty Small Grants in support of population science

ISR seeking applicants for new Community Guides program

PRB policy communication training for pre-docs extends application deadline to March 12

More Highlights

Next Brown Bag

Mon, April 2, 2018, noon: Sean Reardon on Educational Inequality

Melvin Stephens, Jr photo

The impact of retirement on household consumption in Japan

Publication Abstract

Stephens, Melvin, and T. Unayama. 2012. "The impact of retirement on household consumption in Japan." Journal of the Japanese and International Economies, 26(1): 62-83.

Stephens, Melvin, and Unayama, Takashi-The impact of retirement on household consumption in Japan Using monthly data from the Japanese Family Income and Expenditure Survey, we examine the impact of retirement on household consumption. We find little evidence of an immediate change in consumption at retirement, on average, in Japan. However, we find a decrease in consumption at retirement for low income households that is concentrated in food and work-related consumption. The availability of substantial retirement bonuses to a large share of Japanese retirees may help smooth consumption at retirement. We find that those households that are more likely to receive such bonuses experience a short-run consumption increase at retirement. However, among households that are less likely to receive a retirement bonus, we find that consumption decreases at retirement. J. Japanese Int. Economies 26 (1) (2012) 62-83. Department of Economics, University of Michigan, 611 Tappan St., 341 Lorch Hall, Ann Arbor, MI 48109-1220, United States; Graduate School of Economics, Kobe University, Nada-ku Rokko-dai 2-1, Kobe, Japan. (C) 2011 Elsevier Inc. All rights reserved.

DOI:10.1016/j.jjie.2011.08.001 (Full Text)

Country of focus: Japan.

Browse | Search : All Pubs | Next