Article2004

Leisure Expenditures of Retired and Near-Retired Households

48 citations0/0 files storedJournal of Leisure Research

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Recreation, Leisure, Wilderness Management Financial Literacy, Pension, Retirement Analysis Retirement, Disability, and Employment

Abstract

This study examines the determinants of household expenditures on active and passive leisure by using a double-hurdle model to distinguish between the decision to purchase and the decision of expenditure. The analyzed data were the 1995 Consumer Expenditure Survey. Retirement was a significant variable in explaining leisure expenditures and the effect varied by type of leisure expenditure. Greater income elasticities for active, as compared to passive, leisure as well as for retired, as compared to near-retired, households indicate the growing importance of leisure as one enters retirement.

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References

1971Some Statistical Models for Limited Dependent Variables with Application to the Demand for Durable Goods 1997Time for life: the surprising ways Americans use their time 1987Time, Goods, and Well-Being.1982The Contribution of Leisure Participation and Leisure Satisfaction to Life Satisfaction of Older Persons 1987Later‐life satisfaction: Does leisure contribute?1994Analysis of Leisure Expenditures in the United States 1994An Examination of the Life Satisfaction and Importance of Leisure in the Lives of Older Female Retirees: A Comparison of Blacks to Whites 1984The Relative Contribution of Leisure Activities and Other Factors to the Mental Health of Older Women

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