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

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  • Piekkola, Hannu
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    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.

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    File URL: http://www.etla.fi/wp-content/uploads/2012/09/dp1036.pdf
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    Bibliographic Info

    Paper provided by The Research Institute of the Finnish Economy in its series Discussion Papers with number 1036.

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    Length: 30 pages
    Date of creation: 2006
    Date of revision:
    Handle: RePEc:rif:dpaper:1036

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    Related research

    Keywords: early retirement; time use research; leisure;

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