Tag: consumption
The brief’s key findings are: Estimates of retirement security depend crucially on the assumption of what parents do with the money that is freed up when their children leave home. The Health and Retirement Study’s consumption survey is used to determine whether parents save it for retirement or spend it on consumption. The results show…
Abstract Using consumption and wealth data from the Health and Retirement Study (HRS), this paper explores the impact of children leaving home on household consumption. We find that households maintain their household-level consumption, despite the fact that the number of individuals in the household has decreased, increasing per-capita consumption. Further, we find no evidence of…
