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The ability to eat cheaper home-cooked meals more often might explain why people appear to spend less money after retirement.

Luengo-Prado, Maria Jose and Sevilla-Sanz, Almudena (2013) The ability to eat cheaper home-cooked meals more often might explain why people appear to spend less money after retirement. LSE European Politics and Policy (EUROPP) Blog (27 Jun 2013). Website.

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Abstract

A number of studies suggest that those who have retired spend significantly less money than those who are still working. This might imply that many people have insufficient savings for retirement. Using data from Spain, Maria Jose Luengo-Prado and Almudena Sevilla-Sanz take issue with this perspective. Noting that much of the reduction in spending is related to food expenditure, they argue that in many cases reduced spending simply reflects the fact that those who are retired have more time to use home-produced goods.

Item Type: Online resource (Website)
Official URL: http://blogs.lse.ac.uk/europpblog/
Additional Information: © 2013 The Author(s); Online
Divisions: LSE
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HM Sociology
J Political Science > JN Political institutions (Europe)
Sets: Collections > LSE European Politics and Policy (EUROPP) Blog
Date Deposited: 05 Apr 2017 11:01
Last Modified: 09 Feb 2020 00:21
URI: http://eprints.lse.ac.uk/id/eprint/72558

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