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Retirement in Non-Cooperative and Cooperative Families

Erik Hærnes (), Zhiyang Jia () and Steinar Strøm
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Erik Hærnes: The Ragnar Frisch Centre for Economic Research, Postal: Gaustadalléen 21, N-0349 Oslo, Norway

Authors registered in the RePEc Author Service: Erik Hernaes ()

No 15/2006, Memorandum from Oslo University, Department of Economics

Abstract: Models for non-cooperative as well as cooperative behavior of families are estimated on data from Norway from 1994 to 1998. The models aim at explaining labor supply behavior of married couples the first five months after the husband becomes eligible for early retirement, while the wife is not eligible. Estimates and predictions derived from the different models are compared. Econometric tests find that the Stackelberg model with the male as the leader is the best. Simulations with the estimated models show that taxing pension income the same way as labor income would reduce the propensity to retire early considerably.

Keywords: family labor supply; retirement; econometric models; policy simulations (search for similar items in EconPapers)
JEL-codes: D10 H55 J26 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-lab and nep-pbe
Date: 2005-12-11
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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 (2001) Downloads
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