Joint Retirement of Couples: Evidence from Discontinuities in Denmark
Esteban Garcia-Miralles and
No 9191, CESifo Working Paper Series from CESifo
We study how social security influences the retirement behavior of couples. First, we exploit over two decades of full-population data and a discontinuity design to document sizable retirement spillovers to spouses when individuals reach pension eligibility age. Next, we explore underlying mechanisms. We find age differences within couples to be a fundamental determinant of joint retirement, which is driven by older spouses working longer. Accounting for these age differences reveals a strong gender gap, which prevails after controlling for relative earnings. Finally, in a complementary analysis we show that a reform increasing eligibility ages induces similar spillovers to spouses.
Keywords: joint retirement; pension eligibility age; couples labor supply (search for similar items in EconPapers)
JEL-codes: D10 H55 J14 J26 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-age, nep-eur and nep-lab
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Working Paper: Joint Retirement of Couples: Evidence from Discontinuities in Denmark (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_9191
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