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Do Single Women Value Early Retirement more than Single Men?

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Author Info

  • Anne Møller Danø

    (Institute of Local Government studies (AKF), Copenhagen)

  • Mette Ejrnæs

    (Institute of Economics, University of Copenhagen)

  • Leif Husted

    (Institute of Local Government studies (AKF), Copenhagen)

Abstract

The focus of this paper is to analyse why a large fraction of single elderly people choose to retire early. A structural model directly based on the individual decision of labour supply is estimated on a sample of singles, where singles are defined as those who are living alone. We find that income and health are important determinants of the retirement decision. Furthermore, we find substantial gender differences in the retirement pattern. Healthy single women value retirement more than healthy single men and are willing to reduce their disposable income to 74 per cent of their previous income while men are willing to reduce the income to 81 per cent. Men’s retirement decision is mainly influenced by income and health, whereas women’s retirement decision is also affected by education and unemployment experience.

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File URL: http://www.econ.ku.dk/cam/wp0910/wp0203/2004-06.pdf/
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Bibliographic Info

Paper provided by University of Copenhagen. Department of Economics. Centre for Applied Microeconometrics in its series CAM Working Papers with number 2004-06.

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Length: 25 pages
Date of creation: Mar 2004
Date of revision:
Handle: RePEc:kud:kuieca:2004_06

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Keywords: retirement; gender differences; singles; panel data; option value;

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  5. repec:att:wimass:9430 is not listed on IDEAS
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Cited by:
  1. Michele Belloni & Rob Alessie, 2010. "Retirement Choices in Italy: What an Option Value Model tells us," Tinbergen Institute Discussion Papers 10-102/3, Tinbergen Institute.
  2. Kristensen, Nicolai, 2012. "Training and Retirement," IZA Discussion Papers 6301, Institute for the Study of Labor (IZA).
  3. Heidler, Matthias & Raffelhüschen, Bernd & Leifels, Arne, 2006. "Heterogenous life expectancy, adverse selection, and retirement behaviour," FZG Discussion Papers 13, Research Center for Generational Contracts (FZG), University of Freiburg.
  4. Michele Belloni & Rob Alessie, 2010. "Retirement Choices in Italy: What an Option Value Model tells us," Tinbergen Institute Discussion Papers 10-102/3, Tinbergen Institute.

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