The effect of retirement on home production: evidence from Australia
Author(s)
Atalay, Kadir
Barrett, Garry F
Staneva, Anita
Griffith University Author(s)
Year published
2020
Metadata
Show full item recordAbstract
This paper examines the effect of retirement on individuals’ time spent on home production activities. Using rich longitudinal data from Australia and utilizing recent changes in the Australian Pension system which generate exogenous variation in retirement status, we show a significant increase in time devoted to home production, especially for individuals who voluntarily retire from the labour force. The empirical findings provide further evidence consistent with the majority of retirees successfully smoothing their wellbeing as they make the transition out of the labour force.This paper examines the effect of retirement on individuals’ time spent on home production activities. Using rich longitudinal data from Australia and utilizing recent changes in the Australian Pension system which generate exogenous variation in retirement status, we show a significant increase in time devoted to home production, especially for individuals who voluntarily retire from the labour force. The empirical findings provide further evidence consistent with the majority of retirees successfully smoothing their wellbeing as they make the transition out of the labour force.
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Journal Title
Review of Economics of the Household
Volume
18
Issue
1
Subject
Applied Economics
Other Economics