Interdependent Durations in Joint Retirement

Bo Honoré and Aureo de Paula

Working Papers, Center for Retirement Research at Boston College from Center for Retirement Research

Abstract: In this paper, we use a novel duration model to study joint retirement in married couples using the Health and Retirement Study. Whereas conventionally used models cannot account for joint retirement, our model admits joint retirement with positive probability and nests the traditional proportional hazards model. In contrast to other statistical models for simultaneous durations, it is based on Nash bargaining and is interpretable as an economic behavior model. Our estimation strategy relies on indirect inference.

Pages: 29 pages
Date: 2011-02, Revised 2011-02
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Citations: View citations in EconPapers (4)

Published on the Center for Retirement Research website

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http://crr.bc.edu/working-papers/interdependent-durations-in-joint-retirement/

Related works:
Working Paper: Interdependent durations in joint retirement (2014)
Working Paper: Interdependent durations in joint retirement (2014)
Working Paper: Interdependent durations in joint retirement (2013)
Working Paper: Interdependent durations in joint retirement (2013)
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