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Retirement Date Effects on Saving Behavior: The Case of Non-Separable Preferences

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  • Mustafa Y. Çakir

Abstract

In this paper we demonstrate that the magnitude of the reaction of saving behavior to a change in the anticipated retirement date is largely determined by the degree to which utility is additively separable in consumption and leisure. We show that the relative decrease in saving in response to a later anticipated retirement date is […]

Suggested Citation

  • Mustafa Y. Çakir, 2013. "Retirement Date Effects on Saving Behavior: The Case of Non-Separable Preferences," Working Papers 323, Economic Research Southern Africa.
    • Handle: RePEc:rza:wpaper:323
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    File URL: https://econrsa.org/wp-content/uploads/2022/06/working_paper_323.pdf
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    Keywords

    Banking Regulation; Consumer Behavior;

    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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