2017
DOI: 10.1007/bf03399512
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Allocation of Expenditures in Elderly Households and the Cost of Widowhood

Abstract: SUMMARYWidowhood and retirement change the economic environment of elderly households. While retirement changes income and expenditure patterns, widowhood fundamentally changes the structure of the household. Besides high non-monetary cost of losing the partner, resources are no longer shared and economies of scale arising from joint consumption are lost. This paper applies a collective household model to expenditure data on elderly households in Switzerland. The findings suggest that 44% of household resource… Show more

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Cited by 1 publication
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“…The people running alone households are the only decision maker within their household, therefore their optimal choice of the bundle of goods is the optimal choice of the household. This simplifies the analysis of consumption patterns, since the entire household wealth is at their own disposal and there are no economies of scale in consumption which are potentially arising in households with two and more person [11].…”
Section: Introductionmentioning
confidence: 99%
“…The people running alone households are the only decision maker within their household, therefore their optimal choice of the bundle of goods is the optimal choice of the household. This simplifies the analysis of consumption patterns, since the entire household wealth is at their own disposal and there are no economies of scale in consumption which are potentially arising in households with two and more person [11].…”
Section: Introductionmentioning
confidence: 99%