Are Individuals Who Have Non-Work Activities Prone to Retire Earlies: Evidence from Time Use Survey of Older Finns
AbstractThis 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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Bibliographic InfoPaper provided by The Research Institute of the Finnish Economy in its series Discussion Papers with number 1036.
Length: 30 pages
Date of creation: 2006
Date of revision:
Find related papers by 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
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-09-23 (All new papers)
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