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Should I Stay Or Should I Go? An Econometric Analysis Of Retirement Decisions By Couples

Author

Listed:
  • 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)

  • Mareva Sabatier

    (IREGE - Institut de Recherche en Gestion et en Economie - USMB [Université de Savoie] [Université de Chambéry] - Université Savoie Mont Blanc)

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.

Suggested Citation

  • Bérangère Legendre & Annaïg-Charlotte Pedrant & Mareva Sabatier, 2018. "Should I Stay Or Should I Go? An Econometric Analysis Of Retirement Decisions By Couples," Post-Print halshs-02374043, HAL.
    • Handle: RePEc:hal:journl:halshs-02374043
    DOI: 10.1080/00036846.2018.1488067
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-02374043
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    References listed on IDEAS

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    Cited by:

    1. Steve Briand, 2018. "Time Inconsistency and Delayed Retirement Decision: the French Pension Bonus," Working Papers hal-01891755, HAL.

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    Keywords

    joint retirement decision; intra-household decision-making process; asymmetric behaviors; institutions;
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