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Joint Retirement of Couples: Evidence from a Natural Experiment

Author

Listed:
  • Hans Bloemen

    (VU University Amsterdam, the Netherlands)

  • Stefan Hochguertel

    (VU University Amsterdam, the Netherlands)

  • Jochem Zweerink

    (Utrecht University, the Netherlands)

Abstract

We estimate and explain the impact of early retirement of husbands on their wives’ probability to retire within one year, using administrative micro panel data that cover the whole Dutch population. We employ an instrumental variable approach in which the retirement choice of husbands is instrumented with eligibility rules for generous early retirement benefits that were temporarily and unexpectedly available to them. We find that early retirement opportunities of husbands increased the wives’ probability to retire by 24.6 percentage points. This is a strong, and robust effect. Partly, wives respond to husbands’ choices at ages when they are themselves likely eligible for early retirement programs.

Suggested Citation

  • Hans Bloemen & Stefan Hochguertel & Jochem Zweerink, 2015. "Joint Retirement of Couples: Evidence from a Natural Experiment," Tinbergen Institute Discussion Papers 15-028/V, Tinbergen Institute.
  • Handle: RePEc:tin:wpaper:20150028
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    Cited by:

    1. Lindeboom, Maarten & Montizaan, Raymond, 2018. "Pension Reform: Disentangling Retirement and Savings Responses," Research Memorandum 019, Maastricht University, Graduate School of Business and Economics (GSBE).
    2. Marco Bertoni & Giorgio Brunello, 2014. "Pappa Ante Portas: The Retired Husband Syndrome in Japan," "Marco Fanno" Working Papers 0182, Dipartimento di Scienze Economiche "Marco Fanno".
    3. Lindeboom, Maarten & Montizaan, Raymond, 2020. "Disentangling retirement and savings responses," Journal of Public Economics, Elsevier, vol. 192(C).

    More about this item

    Keywords

    instruments; retirement; couples;
    All these keywords.

    JEL classification:

    • C26 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Instrumental Variables (IV) Estimation
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
    • J12 - Labor and Demographic Economics - - Demographic Economics - - - Marriage; Marital Dissolution; Family Structure
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination

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