Labor Supply of Retiring Couples and Heterogeneity in Household Decision-Making Structure

Zhiyang Jia

Review of Economics of the Household, 2005, vol. 3, issue 2, 215-233

Abstract: This paper analyzes the labor market participation behavior of retiring couples in Norway. To account for the unobserved heterogeneity in decision-making structure within the household, I formulate a mixed model by assuming there are two types of households, the cooperative type and the non-cooperative type. I assume that non-cooperative households behave according to a Stackelberg game with the male as the leader, while cooperative households engage in a cooperative bargaining process. The estimation results show that more than half of the households are of the non-cooperative type. Copyright Springer Science+Business Media, Inc. 2005

Keywords: household labor supply; retirement; unobserved heterogeneity; mixed model (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (16)

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DOI: 10.1007/s11150-005-0711-3

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