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Jointleisure before and after retirement :A double regression discontinuity approach

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  • Elena Stancanelli

    (Ocfe sciences-po,Iza)

  • Arthur Van Soest

    (Tilburg Université, Rand,Iza)

Abstract

In the literature on partners' joint retirement decisions one of the explanations for joint retirement is externalities in leisure. Exploiting the law on early retirement age in France, we use a regression discontinuity approach to identify the causal effect of retirement on hours of leisure, separate and together, of individuals in a couple. We use a sample of couples drawn from a French Time Use Survey for the analysis. We find that the own retirement probability increases significantly at age 60 for both partners, which supports our identification strategy. However, the own probability to retire does not increase when the partner reaches age 60. These findings are corroborated using a larger sample of over 20 000 couples drawn from French Labor Force Surveys. We conclude that upon partners’ retirement leisure hours spent separately from the partner increase by at least as much as leisure hours together. The increase in hours of joint leisure is not larger than that in house work hours either. We find that hours of leisure together only increase significantly when the younger partner (presumably the last to retire) retires. When the older partner (presumably the first to retire) retires, hours of joint leisure do not increase. These conclusions are robust to using four alternative definitions of leisure together as well as to narrowing the size of the sample on the two sides of the age discontinuity. They are also well in line with recent literature on retirement strategies of individuals in a couple, casting doubts on whether partners always retire together.

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Bibliographic Info

Paper provided by Observatoire Francais des Conjonctures Economiques (OFCE) in its series Documents de Travail de l'OFCE with number 2012-23.

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Date of creation: Oct 2012
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Handle: RePEc:fce:doctra:1223

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Keywords: Regression discontinuity; retirement; leisure;

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References

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  1. Wilbert van der Klaauw, 2008. "Regression-Discontinuity Analysis: A Survey of Recent Developments in Economics," LABOUR, CEIS, vol. 22(2), pages 219-245, 06.
  2. David Card & Carlos Dobkin & Nicole Maestas, 2004. "The Impact of Nearly Universal Insurance Coverage on Health Care Utilization and Health: Evidence from Medicare," Working Papers 197, RAND Corporation Publications Department.
  3. Mark Aguiar & Erik Hurst, 2006. "Measuring Trends in Leisure: The Allocation of Time Over Five Decades," NBER Working Papers 12082, National Bureau of Economic Research, Inc.
  4. Didier Blanchet & Louis-Paul Pele, 1997. "Social Security and Retirement in France," NBER Working Papers 6214, National Bureau of Economic Research, Inc.
  5. Alan L. Gustman & Thomas Steinmeier, 2009. "Integrating Retirement Models," NBER Working Papers 15607, National Bureau of Economic Research, Inc.
  6. Elena Stancanelli & Arthur Van Soest, 2011. "Retirement and home production : A regression discontinuity approach," Documents de Travail de l'OFCE 2011-28, Observatoire Francais des Conjonctures Economiques (OFCE).
  7. Gustman, Alan L & Steinmeier, Thomas L, 2000. "Retirement in Dual-Career Families: A Structural Model," Journal of Labor Economics, University of Chicago Press, vol. 18(3), pages 503-45, July.
  8. David S. Lee & Thomas Lemieux, 2009. "Regression Discontinuity Designs in Economics," NBER Working Papers 14723, National Bureau of Economic Research, Inc.
  9. Guido Imbens & Thomas Lemieux, 2007. "Regression Discontinuity Designs: A Guide to Practice," NBER Working Papers 13039, National Bureau of Economic Research, Inc.
  10. Wilbert van der Klaauw, 2002. "Estimating the Effect of Financial Aid Offers on College Enrollment: A Regression-Discontinuity Approach," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 43(4), pages 1249-1287, November.
  11. McCrary, Justin, 2008. "Manipulation of the running variable in the regression discontinuity design: A density test," Journal of Econometrics, Elsevier, vol. 142(2), pages 698-714, February.
  12. Jean-Olivier Hairault & Francois Langot & Thepthida Sopraseuth, 2010. "Distance to Retirement and Older Workers' Employment: The Case for Delaying the Retirement Age," Journal of the European Economic Association, MIT Press, vol. 8(5), pages 1034-1076, 09.
  13. Erich Battistin & Agar Brugiavini & Enrico Rettore & Guglielmo Weber, 2008. "The retirement consumption puzzle: evidence from a regression discontinuity approach," IFS Working Papers W08/05, Institute for Fiscal Studies.
  14. Daniel S. Hamermesh, 2002. "Timing, togetherness and time windfalls," Journal of Population Economics, Springer, vol. 15(4), pages 601-623.
  15. Hallberg, Daniel, 2003. "Synchronous leisure, jointness and household labor supply," Labour Economics, Elsevier, vol. 10(2), pages 185-203, April.
  16. Lundberg, Shelly & Startza, Richard & Stillman, Steven, 2003. "The retirement-consumption puzzle: a marital bargaining approach," Journal of Public Economics, Elsevier, vol. 87(5-6), pages 1199-1218, May.
  17. Jonathan Gruber & David Wise, 2005. "Social Security Programs and Retirement around the World: Fiscal Implications, Introduction and Summary," NBER Working Papers 11290, National Bureau of Economic Research, Inc.
  18. Antoine Bommier & Thierry Magnac & Muriel Roger, 2000. "Le marché du travail à l’approche de la retraite : évolutions en France entre 1982 et 1999," Research Unit Working Papers 0211, Laboratoire d'Economie Appliquee, INRA.
  19. Stancanelli, Elena G. F., 2012. "Spouses' Retirement and Hours Outcomes: Evidence from Twofold Regression Discontinuity with Differences-in-Differences," IZA Discussion Papers 6791, Institute for the Study of Labor (IZA).
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Citations

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Cited by:
  1. Elena Stancanelli, 2012. "Spouses' Retirement and Hours of Work Outcomes: Evidence from Twofold Regression Discontinuity," Documents de travail du Centre d'Economie de la Sorbonne 12074, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
  2. Eibich, P.;, 2014. "Understanding the effect of retirement on health using Regression Discontinuity Design," Health, Econometrics and Data Group (HEDG) Working Papers 14/10, HEDG, c/o Department of Economics, University of York.
  3. Stancanelli, Elena G. F., 2012. "Spouses' Retirement and Hours Outcomes: Evidence from Twofold Regression Discontinuity with Differences-in-Differences," IZA Discussion Papers 6791, Institute for the Study of Labor (IZA).

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