Leisure and housing consumption after retirement: new evidence on the life-cycle hypothesis

Beblo, Miriam; Schreiber, Sven

doi:10.1007/s11150-021-09569-4

Cited by 5 publications

(3 citation statements)

References 33 publications

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“…In the case of tenants, it can be thought of more as a consumption good and in the case of homeowners, who have usually finished paying off their mortgages by the time they retire, as an investment. Beblo and Schreiber (2021) investigate adaptation in housing consumption for male tenants after retirement. They argue that, since consumption of housing is at least in part complementary to one's leisure consumptionand because retirement should increase the leisure available to the retireethe lifecycle hypothesis predicts that spending on housing should typically reduce less than on other consumption goods after retirement.…”

Section: Retirement and Housing Costsmentioning

confidence: 99%

The retirement impact on housing cost burden: are homeowners better off than tenants after retirement?

et al. 2023

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Existing research on housing cost burden focuses on its evolution over time. Few empirical studies, meanwhile, investigate changes in housing cost burden as a function of age. Literature is also scarce on how people's housing cost burden is affected by the act of retiring. In order to fill this research gap, we examine how the burden of housing costs tends to change after retirement and how the impact of retirement on housing cost burden differs for tenants as compared to homeowners. Taking advantage of the longitudinal data provided by the German Socio-Economic Panel (1993–2019), we estimate fixed effects regressions and model impact functions to estimate how people's housing cost burdens change after they retire. In addition, we interact the retirement event with tenure status. Our results show that retirement is associated with an increase in housing cost burden and that this association is stronger among tenants than among homeowners. We contribute to the literature on housing cost burden by taking a longitudinal perspective and showing that critical life events such as retirement do have an impact on the financial pressures exerted on households by housing costs and can even exacerbate the existing inequality in terms of housing cost burden between tenants and homeowners. We also demonstrate the importance for policy makers and future research of identifying social groups that may be particularly prone to financial overburden as a result of elevated housing costs in old age in order to implement policies that avoid such overburden and prevent the increase in social inequality after retirement.

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Section: Retirement and Housing Costsmentioning

confidence: 99%

The retirement impact on housing cost burden: are homeowners better off than tenants after retirement?

et al. 2023

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“…Adding to this, qualitative research from Sweden suggests that older adults start to have more active reflections regarding their future housing choices and relocations around retirement age [ 19 ]. While some studies indicate that retirement triggers actual moves [ 10 , 20 ], we do not know whether economic issues encourage this younger group of older adults to stay in privately owned houses longer, even though those no longer suit their needs and preferences. This knowledge is crucial, especially during times of economic uncertainty and rapid social change, as it can assist policymakers in making informed decisions that support older adults in making suitable housing choices and enhancing their overall well-being.…”

Section: Introductionmentioning

confidence: 98%

Homeownership While Aging—How Health and Economic Factors Incentivize or Disincentivize Relocation: Protocol for a Mixed Methods Project

Schmidt¹,

Iwarsson²,

A³

et al. 2023

JMIR Res Protoc

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Background Many factors influence housing choices among older adults, but far from all have been identified. There is little systematic analysis that has included economic factors and virtually no knowledge about the interplay among perceived costs of moving, health status, and the mobility rate of older homeowners. It is currently unclear whether economic factors influence older adults’ willingness to move, and the effects of economic policies on their actual behavior in the housing market are largely unknown. Objective The overarching objective of the AGE-HERE project is to develop knowledge of the relationship between health and economic factors that incentivize or disincentivize relocation during the process of aging. Methods This project uses a mixed methods convergent design across 4 studies. The initial quantitative register study and subsequent qualitative focus group study will nurture the evidence base and the development of a national survey. The final study will synthesize and integrate the results of the entire project. Results Ethical approval for the register study (DNR 2022-04626-01) and focus group study (DNR 2023-01887-01) has been obtained. As of July 2023, data analyses (register study) and data collection (focus group study) are currently being conducted. The first paper based on the register data is expected to be submitted after the summer of 2023. Three meetings have been held with the nonacademic reference group. The qualitative data will be analyzed in the autumn. Based on the results of these studies, a survey questionnaire will be developed and distributed nationally during the spring of 2024, followed by data analyses in the autumn. Finally, the results from all studies will be synthesized in 2025. Conclusions Results from AGE-HERE will add to the knowledge base for research on aging, health, and housing and can play a critical role in guiding future policy decisions aiming to balance the housing market. Such developments may lower related social costs and support older adults to maintain active, independent, and healthy lives. International Registered Report Identifier (IRRID) DERR1-10.2196/47568

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“…In addition, some scholars have studied the impact of population age structure on leisure consumption and found that children's dependency ratio has a negative impact on residents' leisure consumption, while the elderly dependency ratio has a positive effect [32]. Retirement has a significant negative impact on housing consumption [33], which is conducive to the increase in leisure consumption.…”

Section: Introductionmentioning

confidence: 99%

How to Promote Balanced and Healthy Development of Residents’ Leisure: Based on the Analysis on the Spatiotemporal Evolution of the Scale Structure of Leisure Consumption of Urban Residents in China

Liu

Xue

2022

Sustainability

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This study aimed to find the spatiotemporal evolution rules of the leisure consumption of urban residents in China. Based on the measurement of the marginal propensity of leisure consumption for urban residents over the past 20 years, a mixed regression of leisure consumption and disposable income showed that, the growth rates of education, culture, entertainment, transportation, communication, and healthcare large, and these growth trends remain obvious. The coefficient of variation of leisure consumption shows that, transportation and communication consumptions differ among regions. The differences in education, culture, and entertainment consumption have rapidly converged. The spatial correlation analysis of the Moran index showed that, the regional association degree of leisure consumption is not obvious, but there is a clear mutual pull regarding education, culture and entertainment consumptions. Based on the results, suggestions were proposed to further expand the leisure consumption needs of residents, so as to achieve sustainable and sound development of residents’ leisure.

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Leisure and housing consumption after retirement: new evidence on the life-cycle hypothesis

Cited by 5 publications

References 33 publications

The retirement impact on housing cost burden: are homeowners better off than tenants after retirement?

The retirement impact on housing cost burden: are homeowners better off than tenants after retirement?

Homeownership While Aging—How Health and Economic Factors Incentivize or Disincentivize Relocation: Protocol for a Mixed Methods Project

How to Promote Balanced and Healthy Development of Residents’ Leisure: Based on the Analysis on the Spatiotemporal Evolution of the Scale Structure of Leisure Consumption of Urban Residents in China

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