00000nam 2200000za 4500 9.846958 CaOODSP 20221107153328 cr ||||||||||| 171110s1989 onc |o f|0| 0 eng d CaOODSP eng n-cn--- CS11-0019/21E-PDF Robb, A. Leslie, 1943- Consumption, income and retirement [electronic resource] / by A.L. Robb and J.B. Burbridge. [Ottawa] : Statistics Canada, 1989. [68] p. Research paper series ; no. 21 Issued also in French under title: Consommation, revenus et retraite. Digitized edition from print [produced by Statistics Canada]. Includes bibliographic references. "We use unpublished Canadian Family Expenditure Survey data on individuals for the years 1969 to 1982 to estimate consumption and income age-profiles for married-couple families, paying attention to the transition between work and retirement. The common presumptions of numerical-simulation life-cycle models - upward-slopling consumption-age profiles and dissaving in retirement - are not supported. There is some evidence that the consumption of certain (blue-collar) households declines discontinuously near retirement, which casts doubt upon the frequently-encountered assumption that the marginal utility of consumption is independent of the quantity of leisure consumed. In addition, the paper shows that the uncertain lifetime model can rationalize the empirical results and may therefore be a more suitable vehicle for policy simulations."--Abstract. gccst Consumerism gccst Income gccst Retirement Burbridge, J. B. Statistics Canada. Analytical Studies Branch. Consommation, revenus et retraite (CaOODSP)9.846966 Research paper series (Statistics Canada. Analytical Studies Branch) no. 21 (CaOODSP)9.504421 PDF 5.64 MB https://publications.gc.ca/collections/collection_2017/statcan/11f0019m/CS11-0019-21-eng.pdf