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The Role of the Spouse in Early Retirement Decisions for Older Workers

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  • Malene Kallestrup-Lamb

    () (Department of Economics and Business and CREATES)

Abstract

This paper investigates the determinants of older workers' early retirement behavior in Denmark. Instead of considering dual retirement we recognize the importance of the spouse in the early retirement decision by assessing the effect of a rich number of spousal variables. Given the grouped nature of the data we set up a semi-parametric single risk grouped duration proportional hazard model accounting for right censoring and allows for time-varying covariates, a nonparametric baseline and unobserved heterogeneity. We find that spousal characteristics do influence the retirement decision and significant gender asymmetries also exist in the effects of spouse's characteristics.Classification-JEL: J26, C41.

Suggested Citation

  • Malene Kallestrup-Lamb, 2011. "The Role of the Spouse in Early Retirement Decisions for Older Workers," CREATES Research Papers 2011-38, Department of Economics and Business Economics, Aarhus University.
  • Handle: RePEc:aah:create:2011-38
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    File URL: ftp://ftp.econ.au.dk/creates/rp/11/rp11_38.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    Early Retirement; Gender Asymmetries; Spousal Effects; Duration analysis; Grouped data; Unobserved heterogeneity.;

    JEL classification:

    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • C41 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Duration Analysis; Optimal Timing Strategies

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