Recent Findings from R. Lluberas and Co-Authors Provide New Insights into Finance (Life-Cycle Expenditure and Retirees’ Cost of Living)

By a News Reporter-Staff News Editor at Investment Weekly News -- Investigators publish new report on Finance. According to news originating from Montevideo, Uruguay, by VerticalNews editors, the research stated, "The aim of this paper is twofold. First, we document the expenditure life-cycle profile in the United Kingdom and show how differences in the consumption bundle of retirees and workers translate into different inflation experiences."

Our news journalists obtained a quote from the research, "Albeit different in given years, the inflation experienced by the two groups is not significantly different over a long time period. We also show how the distribution of household inflation evolved over time, with particular emphasis on the period around the latest financial crisis. Second, we estimate an Exact Affine Stone Index (EASI) demand system and compute the change in the cost of living and the substitution effect for both retirees and workers for the period 1990-2014. Finally, we show how pension income would evolve during that period under three alternative indexation measures for different cohorts of retirees."

According to the news editors, the research concluded: "The indexation measure that results in the highest pension income depends on the time of retirement."

For more information on this research see: Life-Cycle Expenditure and Retirees' Cost of Living. Fiscal Studies, 2018;39(3):385-415. Fiscal Studies can be contacted at: Wiley, 111 River St, Hoboken 07030-5774, NJ, USA. (Wiley-Blackwell - www.wiley.com/; Fiscal Studies - onlinelibrary.wiley.com/journal/10.1111/(ISSN)1475-5890)

The news correspondents report that additional information may be obtained from R. Lluberas, Banco Cent Uruguay, Montevideo, Uruguay.

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The direct object identifier (DOI) for that additional information is: https://doi.org/10.1111/1475-5890.12164. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

Keywords for this news article include: Montevideo, Uruguay, South America, Finance.

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