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The Impact of Retirement on Household Leisure Expenditures
Author(s) -
WEAGLEY ROBERT O.,
HUH EUNJEONG
Publication year - 2004
Publication title -
journal of consumer affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.582
H-Index - 62
eISSN - 1745-6606
pISSN - 0022-0078
DOI - 10.1111/j.1745-6606.2004.tb00868.x
Subject(s) - economics , consumer expenditure survey , asset (computer security) , demographic economics , labour economics , order (exchange) , consumer expenditure , consumption (sociology) , public economics , finance , aggregate expenditure , social science , sociology , computer science , computer security
Household leisure expenditures for retired and near‐retired households were examined in order to better understand the dynamics associated with the move to retirement status. Data from the 1995 Consumer Expenditure Survey indicated that retirement, total expenditures, and education had positive impacts on leisure expenditures. For retired households, greater total expenditures and education increased expenditures, while age and the presence of earned income decreased expenditures. For near‐retired households, greater total expenditures, education, and the presence of asset income significantly increased leisure expenditures.