Life Cycle Consumption of Food: Evidence from French Data
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Over the next few decades, the share of the elderly population in France (i.e., aged 65 and older) will increase steadily. There is concern that upon retirement aging people cannot maintain the pre-retirement level of consumption, giving rise to nutrition and health deprivation, even food insecurity. Compounded by the increasing proportion of the aging population, this can quickly become a public health threat. Although there is empirical evidence that the expenditure for durables decreases as households age, there does not seem to be any evidence whether the quantity, quality or the structure of food baskets change in France. The objective of this research is to investigate this issue. In particular, we establish that aging households pay effectively lower prices through changing shopping tactics, leaving the food quantities practically uncompromised.