Retirement in Non-Cooperative and Cooperative Families
AbstractModels 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.
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Bibliographic InfoPaper provided by Oslo University, Department of Economics in its series Memorandum with number 15/2006.
Length: 38 pages
Date of creation: 11 Dec 2005
Date of revision:
Contact details of provider:
Postal: Department of Economics, University of Oslo, P.O Box 1095 Blindern, N-0317 Oslo, Norway
Phone: 22 85 51 27
Fax: 22 85 50 35
Web page: http://www.oekonomi.uio.no/indexe.html
More information through EDIRC
family labor supply; retirement; econometric models; policy simulations;
Other versions of this item:
- Erik Hernæs & Zhiyang Jia & Steinar Strøm, 2001. "Retirement in Non-Cooperative and Cooperative Families," CESifo Working Paper Series 476, CESifo Group Munich.
- D10 - Microeconomics - - Household Behavior - - - General
- H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions
- J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-07-21 (All new papers)
- NEP-LAB-2006-07-21 (Labour Economics)
- NEP-PBE-2006-07-21 (Public Economics)
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