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Does the Source of Retirement Income Affect Retirees’ Time Use?
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Retirement Income Source and Time Use
Very short description for use in the program to help attendees understand more than a title can describe
Individuals derive happiness from household produced commodities. While literature has been focused on consumption of goods and services in retirement, time spent to produce household commodities has been overlooked. Using a system of Tobit models, we investigate whether and how having a stable source of income may allow retirees to take on time-intensive commitments, such as child care, adult care, and volunteering, that they otherwise would not do. It is expected that having a stable source of income, such as a pension and other annuity payments, will increase the time that retirees spend on child care, adult care, and volunteering.