讲座:Retirement Consumption Puzzle in China

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讲座:Retirement Consumption Puzzle in China

题 目:Retirement Consumption Puzzle in China

演讲人: Xinzheng Shi      Tsinghua University

主持人: 李欣  博士

时间:  2013124日(周三)下午2:30-4:00

地点: 北楼101

演讲内容简介:

Abstract

Using data from China's Urban Household Survey and exploiting China's mandatory retirement policy, we use the regression discontinuity approach to estimate the impact of retirement on household non-durable expenditures. Retirement reduces total non-durable expenditures by about 21 percent. Among the categories of non-durable expenditures, retirement reduces the work-related expenditures and the expenditures on food consumed at home but does not has a significant effect on expenditures on entertainment. After excluding work-related expenditures, expenditures on food consumed at home and expenditures on entertainment, retirement does not have a significant effect on the remained non-durable expenditures. The findings suggest that retirement consumption puzzle might not a puzzle if an extended life-cycle model with home production is considered.

 

演讲人简介:

Dr. Xinzheng Shi got his Ph.D in Economics from the University of Michigan, and now is an Associate Professor of Economics at Tsinghua University. His research interests mainly focus onDevelopment Economics, Labor Economics, and Public Economics. He has published papers in top journals like Journal of Development Economics, Journal of Comparative Economics, Review of Economics & Statistics and Economics Bulletin.

 

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