Spousal Influence on Early Retirement Behavior
AbstractIn this paper, we use a binary choice panel data model to analyze married individuals.retirement behavior in Norway when a new option, AFP early retirement becomes available. We focus our study on the influence of the spouse.s characteristics on early retirement behavior. We find the directions of spousal e¤ects are quite symmetric but women seem to have a much stronger response to their spouses' characteristics than men. The comparison of di¤erent specifications indicates that correct modeling of the error term covariance structure in a panel data binary choice model is quite important.
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Bibliographic InfoPaper provided by Research Department of Statistics Norway in its series Discussion Papers with number 406.
Date of creation: Feb 2005
Date of revision:
Retirement; Spousal Influence; Panel Data; Random Effects.;
Find related papers by JEL classification:
- 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-2005-02-13 (All new papers)
- NEP-DCM-2005-02-13 (Discrete Choice Models)
- NEP-LAB-2005-02-13 (Labour Economics)
- NEP-PBE-2005-02-13 (Public Economics)
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