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

Author

Listed:
  • Piekkola, Hannu

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.

Suggested Citation

  • Piekkola, Hannu, 2006. "Are Individuals Who Have Non-Work Activities Prone to Retire Earlies: Evidence from Time Use Survey of Older Finns," Discussion Papers 1036, The Research Institute of the Finnish Economy.
  • Handle: RePEc:rif:dpaper:1036
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    References listed on IDEAS

    as
    1. Kaitila, Ville, 2001. "Accession countries' comparative advantage in the internal market : A trade and factor analysis," BOFIT Discussion Papers 3/2001, Bank of Finland, Institute for Economies in Transition.
    2. Kaitila, Ville, 2004. "The Factor Intensity of Accession and EU15 Countries' Comparative Advantage in the Internal Market," Discussion Papers 925, The Research Institute of the Finnish Economy.
    3. Neven, Damien J, 1994. "Trade Liberalization with Eastern Nations. How Sensitive?," CEPR Discussion Papers 1000, C.E.P.R. Discussion Papers.
    4. Algieri, Bernadina, 2004. "Trade specialisation patterns : the case of Russia," BOFIT Discussion Papers 19/2004, Bank of Finland, Institute for Economies in Transition.
    5. Ville Kaitila, 2002. "Accession Countries’ Comparative Advantage in the Internal," International Trade 0209001, EconWPA.
    6. Kaitila, Ville & WidgrÉn, Mika, 1999. "Revealed Comparative Advantage in Trade between the European Union and the Baltic States," Discussion Papers 697, The Research Institute of the Finnish Economy.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    early retirement; time use research; leisure;

    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

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