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

  • Malene Kallestrup-Lamb

    ()

    (Department of Economics and Business and CREATES)

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    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.

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    File URL: ftp://ftp.econ.au.dk/creates/rp/11/rp11_38.pdf
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    Paper provided by School of Economics and Management, University of Aarhus in its series CREATES Research Papers with number 2011-38.

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    Length: 43
    Date of creation: 16 Nov 2011
    Date of revision:
    Handle: RePEc:aah:create:2011-38
    Contact details of provider: Web page: http://www.econ.au.dk/afn/

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    11. Bruce Hollingsworth & Anthony Scott & Bent Jesper Christensen & Malene Kallestrup‐Lamb, 2012. "The Impact Of Health Changes On Labor Supply: Evidence From Merged Data On Individual Objective Medical Diagnosis Codes And Early Retirement Behavior," Health Economics, John Wiley & Sons, Ltd., vol. 21, pages 56-100, 06.
    12. Dahl, Svenn-Åge & Nilsen, Øivind Anti & Vaage, Kjell, 2002. "Gender Differences in Early Retirement Behaviour," IZA Discussion Papers 522, Institute for the Study of Labor (IZA).
    13. Hurd, Michael D, 1990. "Research on the Elderly: Economic Status, Retirement, and Consumption and Saving," Journal of Economic Literature, American Economic Association, vol. 28(2), pages 565-637, June.
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    21. repec:crr:crrwps:2003-04 is not listed on IDEAS
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