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Retirement in Non-Cooperative and Cooperative Families

Erik Hernaes (), Zhiyang Jia () and Steinar Strøm

No 476, CESifo Working Paper Series from CESifo Group Munich

Abstract: Models that allow for non-cooperative as well as cooperative behavior of families are estimated on data from Norway in 1993 and 1994. The husband is eligible for early retirement while the wife is not. The models aim at explaining labor supply behavior of married couples the first twelve months after the husband became eligible for early retirement. Estimates and predictions derived from the different models are compared. Yet, no definite conclusion is reached with respect to what model is best at explaining the observed behavior. The models are employed to simulate the impacts on labor supply of taxing pension income the same way as labor income. We find that that this change of the tax system may reduce the propensity to retire early considerably.

Keywords: Family labor supply; retirement; econometric models; policy simulations (search for similar items in EconPapers)
Date: 2001
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Related works:
Chapter: Retirement in Non-Cooperative and Cooperative Families (2007) Downloads
Working Paper: Retirement in Non-Cooperative and Cooperative Families (2005) Downloads
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