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Replication data for: The Composition Effect of Consumption around Retirement: Evidence from Singapore

Version
V0
Resource Type
Dataset
Creator
  • Agarwal, Sumit
  • Pan, Jessica
  • Qian, Wenlan
Publication Date
2015-05-01
Description
  • Abstract

    It is well established that consumption is "hump" shaped over an individual's lifecycle, peaking in middle age and then declining in the years that follow. Prior research has documented that consumption declines at retirement, which is inconsistent with the standard lifecycle model with consumption smoothing. Using a unique dataset with detailed administrative records of credit and debit card transactions, we show the hump shaped lifecycle consumption pattern as documented in the literature. Additionally, we show compositional changes in consumption expenditures across individuals in the years surrounding retirement confirming the results of Aguiar and Hurst (2005, 2013).
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.p20151005 (Text)
Publications
  • Agarwal, Sumit, Jessica Pan, and Wenlan Qian. “The Composition Effect of Consumption around Retirement: Evidence from Singapore.” American Economic Review 105, no. 5 (May 2015): 426–31. https://doi.org/10.1257/aer.p20151005.
    • ID: 10.1257/aer.p20151005 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12

Agarwal, Sumit; Pan, Jessica; Qian, Wenlan (2015): Replication data for: The Composition Effect of Consumption around Retirement: Evidence from Singapore. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E113356