Kong, Kwok Ho. / "August 2011." / Thesis (M.Phil.)--Chinese University of Hong Kong, 2011. / Includes bibliographical references (leaves 67-68). / Abstracts in English and Chinese. / Abstract --- p.ii / 摘要 --- p.iii / Acknowledgements --- p.iv / Chapter 1. --- Introduction --- p.1 / Chapter 2. --- Literature Review --- p.4 / Chapter 2.1 --- The Retirement-Consumption Puzzle --- p.4 / Chapter 2.2 --- Food Expenditure and Food Consumption --- p.7 / Chapter 2.3 --- Heterogeneous Impact of Retirement on Consumption Expenditure --- p.7 / Chapter 3. --- Data Sources and Description --- p.10 / Chapter 3.1 --- Surveys --- p.10 / Chapter 3.2 --- Sample --- p.12 / Chapter 4. --- Methodology --- p.16 / Chapter 5. --- "Comparison of the NHAPS, ATUS, and ASEC Estimates" --- p.18 / Chapter 6. --- Empirical Results-Demographic Characteristics --- p.21 / Chapter 6.1 --- Male and Female Householders --- p.23 / Chapter 6.2 --- Marital Status --- p.25 / Chapter 6.3 --- Education --- p.27 / Chapter 7. --- Empirical Results-Financial Characteristics --- p.29 / Chapter 7.1 --- Housing Ownership --- p.30 / Chapter 7.2 --- Interest and Dividend Income --- p.32 / Chapter 8. --- Empirical Results-Dependency Status --- p.35 / Chapter 9. --- Potential Bias of Using Age as an Insturment for Retirement --- p.38 / Chapter 10. --- Robustness Checking --- p.40 / Chapter 10.1 --- Estimation with Restricted Samples --- p.40 / Chapter 10.2 --- Ordinary Least Square (OLS) Estimation --- p.41 / Chapter 11. --- Conclusions --- p.43 / Chapter Figure 1 --- Level Changes of Time Spent on Food Production for Household Members by Three-year Ranges --- p.46 / Chapter Figure 2 --- Percentage Change of Time Spent on Food Production for Household Members by Three-year Ranges --- p.47 / Chapter Table 1 --- "Descriptive Statistics of Non-retired and Retired Individuals in NHAPS, ATUS, and ATUS-ASEC" --- p.48 / Chapter Table 2 --- Descriptive Statistics of Time Spent on Home Food Production (in minutes per day) of Non-retired and Retired Households --- p.49 / Chapter Table 3 --- Comparison of Regression Result between the Estimation of Aguiar and Hurst (2005) and the Author's Estimation --- p.50 / Chapter Table 4 --- Descriptive Statistics of ATUS Non-retired and Retired Individuals by Gender --- p.51 / Chapter Table 5 --- 2SLS Estimates of ATUS-ASEC Householders by Gender --- p.52 / Chapter Table 6 --- 2SLS Estimates of ATUS-ASEC Female Householders by Marital Status --- p.53 / Chapter Table 7 --- 2SLS Estimates of ATUS-ASEC Male Householders by Marital Status --- p.54 / Chapter Table 8 --- 2SLS Estimates of ATUS-ASEC Householders by Education Attainment --- p.55 / Chapter Table 9 --- 2SLS Estimates of ATUS-ASEC Householders by Housing Ownership --- p.56 / Chapter Table 10 --- 2SLS Estimates of ATUS-ASEC Householders by Interest Income and Dividend Income during the Survey Year --- p.57 / Chapter Table 11 --- 2SLS Estimates of ATUS-ASEC Householders by Dependency Status during the Survey Year --- p.58 / Chapter Table 12 --- Comparison of Regression Results under Full Samples and Restricted Samples --- p.59 / Chapter Table 13 --- Comparison of Regression Results between the Use of 2SLS and OLS Methods --- p.60 / Chapter Appendix: --- Data --- p.61 / Chapter Appendix Table 1 --- Time Spent on Home Food Production (in Minutes per Day) of Householders by Marital Status --- p.62 / Chapter Appendix Table 2 --- Time Spent on Home Food Production (in Minutes per Day) of Householders by Education Attainment --- p.63 / Chapter Appendix Table 3 --- Time Spent on Home Food Production (in Minutes per Day) of Householders by Housing Ownership and the Sum of Interest Income and Dividend Income --- p.64 / Chapter Appendix Table 4 --- Housing Ownership and Education Attainment of Individuals in 2003-2009 ATUS-ASEC --- p.65 / Chapter Appendix Table 5 --- Time Spent on Home Food Production (in Minutes per Day) of Householders by Dependency Status --- p.66 / References --- p.67

Abstract not available

The relationships between types of wealth components and consumption expenditures were investigated as a means of better understanding retired elderly household well-being. Specifically, the concept of mental account was used to identify the characteristics of different types of wealth components, and four mental accounts were identified: flow of investment, current asset A, current asset B, and future income. Based on the traditional life-cycle hypothesis, the behavioral life-cycle hypothesis, and neo-classical demand theory, the consumption functions for the total and 17 subcategorical consumption expenditures were formulated. These consumption functions were formulated to study linkages between household portfolio behavior during the working years and household consumption behavior during retirement. A tobit linear regression model was utilized to estimate parameters in consumption functions. The data were drawn from the Consumer Expenditure Survey, Interview Survey, 1990. The flow of investment mental account includes Social Security benefits, pension benefits, and transfer payments from public programs. The current asset A includes balances in checking and savings accounts, and the current assets B includes balances in stocks and bonds. The future income includes market values of home equity and real estate. The findings supported that the total and subcategorical consumption expenditures are the most sensitive to changes in flow of investment and the least sensitive to changes in future income. Further, among retired elderly households, the four mental accounts differ in influence on subcategorical consumption expenditures. The flow of investment was positively related to food at home, food away from home, utilities, household operation, clothing, transportation, entertainment, personal care, and cash contributions. Current asset A was positively related to health care, reading and education, and alcoholic beverages, and negatively related to food at home. Current asset B was positively related to clothing, transportation, entertainment, reading and education, and alcoholic beverages. Future income was positively related to food at home, utilities, household operation, and personal care. The research findings may help public policy makers understand or predict consumption expenditures as wealth components change in retired elderly households. Further, the economic well-being of retired elderly households should be discussed in terms of different types of wealth components rather than in terms of total wealth. / Graduation date: 1995

Thesis (M.S.)--University of North Carolina at Greensboro, 2006. / Title from PDF title page screen. Advisor: Robert Charest.; submitted to the School of Human Environmental Sciences. Includes bibliographical references (p. 102-104).

Thesis (Ph. D.)--University of Missouri-Columbia, 1999. / Typescript. Vita. Includes bibliographical references (leaves 255-270). Also available on the Internet.

Thesis (MA)--University of Montana, 2010. / Title from author supplied metadata. Includes bibliographical references.

Thesis (Masters) -- University of Ballarat, 2008. / Submitted in partial fulfillment of the requirements for the degree of Master of Arts (Visual Arts), Arts Academy. Bibliography: leaves 56-58.

Thesis (Ph. D.)--University of Missouri-Columbia, 2003. / Typescript. Vita. Includes bibliographical references (leaves 120-124). Also available on the Internet.

Thesis (Ph. D.)--University of Missouri-Columbia, 2000. / Typescript. Vita. Includes bibliographical references (leaves 237-250). Also available on the Internet.

Thesis (Ph. D.)--University of Missouri-Columbia, 2000. / Typescript. Vita. Includes bibliographical references (leaves 237-250). Also available on the Internet.