SHOULD I STAY OR SHOULD I GO? AN ECONOMETRIC ANALYSIS OF RETIREMENT DECISIONS BY COUPLES

Bérangère Legendre (), Annaïg-Charlotte Pedrant and Mareva Sabatier
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Bérangère Legendre: IREGE - Institut de Recherche en Gestion et en Economie - USMB [Université de Savoie] [Université de Chambéry] - Université Savoie Mont Blanc
Annaïg-Charlotte Pedrant: IREGE - Institut de Recherche en Gestion et en Economie - USMB [Université de Savoie] [Université de Chambéry] - Université Savoie Mont Blanc

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Abstract: This paper analyzes retirement decisions from a household perspective, treating the retirement timing of spouses as potentially interdependent choices. To identify the determinants of retirement decisions by couples and the effects of spousal retirement, this research estimates bivariate probit models in a multi-country setting. The results show a significant joint retirement trend: Both men and women are more likely to retire if their spouse already has retired. Strong asymmetric behaviors arise by gender though, with high crosscountry heterogeneity, reflecting institutional differences in both pension and public health systems.

Keywords: joint retirement decision; intra-household decision-making process; asymmetric behaviors; institutions (search for similar items in EconPapers)
Date: 2018
New Economics Papers: this item is included in nep-age
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-02374043v1
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Published in Applied Economics, 2018, 50 (53), pp.5814-5829. ⟨10.1080/00036846.2018.1488067⟩

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Journal Article: Should I stay or should I go? An econometric analysis of retirement decisions by couples (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-02374043

DOI: 10.1080/00036846.2018.1488067

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