Savings and Consumption When Children Move Out
Rottke Simon, Klos Alexander
Research article (journal) | Peer reviewedAbstract
We show, using data from the Italian Survey on Household Income and Wealth and the German Socio-economic Panel, that household consumption drops after a child moves out of a household, while at the same time adult-equivalent consumption increases significantly. After all children are gone, parents upgrade their personal lifestyle to a level approximately that of childless peers, and save only a small proportion of the freed-up resources. Since parents had fewer resources to save while they were young, retirement preparedness among them is a more serious concern than among childless individuals.
Details about the publication
Journal: Review of Finance
Volume: 20
Issue: 6
Page range: 2349-2377
Status: Published
Release year: 2016
Language in which the publication is written: English
DOI: 10.1093/rof/rfv064
Link to the full text: http://rof.oxfordjournals.org/content/20/6/2349
Keywords: Household Finance; Consumption; Savings; Children; Retirement Preparedness
Authors from the University of Münster
| Rottke, Simon | Junior Professorship for Finance (Prof. Rottke) |
Preisverleihungen erhalten für die Publikation
| Joachim R. Frick Best Paper Prize 2014 for the most innovative, best written, and best presented paper at the 10th International Young Scholar German Socio-Economic Panel Symposium Awarded by: SOEP, BIGSSS, Hanse Wissenschaftskolleg, Niedersächsisches Ministerium für Wissenschaft und Kultur Award given to: Rottke, Simon Announced at: 21/03/2014 | Date of awarding: 15/03/2014 Type of distinction: Best publication award |
Vorträge zur Publikation
| Savings and Consumption When Children Move Out Simon Rottke (21/03/2014) International Young Scholar German Socio-Economic Panel Symposium, Delmenhorst Type of talk: scientific talk | |
| Savings and Consumption When Children Move Out Simon Rottke (28/09/2013) Jahrestagung der Deutschen Gesellschaft für Finanzwirtschaft (DGF), Wuppertal Type of talk: scientific talk | |
| Savings and Consumption When Children Move Out Alexander Klos (06/09/2013) Jahrestagung des Vereins für Socialpolitik, Düsseldorf Type of talk: scientific talk | |
| Savings and Consumption When Children Move Out Simon Rottke (27/06/2013) Annual Meeting of the European Financial Management Association, Reading, UK Type of talk: scientific talk | |
| Savings and Consumption When Children Move Out Simon Rottke (06/06/2013) Workshop on Pensions, Insurance and Savings, Paris Type of talk: scientific talk |