| Title: |
Saving and Consumption When Children Move Out a |
| Authors: |
Simon Rottke B; Er Klos C; Jel-classification D |
| Contributors: |
The Pennsylvania State University CiteSeerX Archives |
| Source: |
http://www.efmaefm.org/0EFMAMEETINGS/EFMA ANNUAL MEETINGS/2013-Reading/papers/EFMA2013_0161_fullpaper.pdf. |
| Publication Year: |
2013 |
| Collection: |
CiteSeerX |
| Subject Terms: |
Consumption; Saving; Children; Life-cycle hypothesis EFM-Classification |
| Time: |
770 |
| Description: |
Based on the German Socio-economic Panel (SOEP), we show that household consumption drops and saving rises significantly within four years after a child moves out of a household. Per capita consumption of parents is approximately leveled up to that of childless peers after all children are gone. We conclude with respect to the adequacy of saving rates that calibrated life-cycle models assuming a smoothing of per capita consumption for parents with children in the household underestimate the wealth needed to smooth consumption in the long run. |
| Document Type: |
text |
| File Description: |
application/pdf |
| Language: |
English |
| Relation: |
http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.360.7910 |
| Availability: |
http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.360.7910; http://www.efmaefm.org/0EFMAMEETINGS/EFMA ANNUAL MEETINGS/2013-Reading/papers/EFMA2013_0161_fullpaper.pdf |
| Rights: |
Metadata may be used without restrictions as long as the oai identifier remains attached to it. |
| Accession Number: |
edsbas.C906E848 |
| Database: |
BASE |