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Are Individuals Who Have Non-Work Activities Prone to Retire Earlies: Evidence from Time Use Survey of Older Finns

Author

Listed:
  • Piekkola, Hannu

Abstract

This paper explains early retirement using Finnish time-use data for couples in 1999-2000 and follow up data on labour market status in 2000-2003. People busy in general stay in the labour market longer. However, non-work time activities such as household work and active leisure make retirement more attractive. Even though males do around one hour less household work per day than females through-out their different lifecycles, their retirement decision is most sensitive to the household work that they or their spouses supply. Household production model cannot explain this. We find joint household work unrelated to pecuniary incentives important, while find less support for mutual leisure to influence the retirement path.

Suggested Citation

  • Piekkola, Hannu, 2006. "Are Individuals Who Have Non-Work Activities Prone to Retire Earlies: Evidence from Time Use Survey of Older Finns," Discussion Papers 1036, The Research Institute of the Finnish Economy.
    • Handle: RePEc:rif:dpaper:1036
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    File URL: http://www.etla.fi/wp-content/uploads/2012/09/dp1036.pdf
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    Cited by:

    1. Ruuskanen, Olli-Pekka, 2006. "Time Use During the Parental Leave and the Return to the Employment," Discussion Papers 1060, The Research Institute of the Finnish Economy.

    More about this item

    Keywords

    early retirement; time use research; leisure;
    All these keywords.

    JEL classification:

    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply

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