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Couples’ retirement under individual pension design: A regression discontinuity study for France

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  • Stancanelli, Elena

Abstract

Retirement policies are individually designed, but the majority of older workers are partnered, and are likely to coordinate their employment decisions with their spouse. The goal of this study is to estimate the direct and indirect (via the spouse) effects of a pioneer French pension reform on both spouses’ retirement decision. The extent of the reform varies by birth year, which enables us to identify its retirement effects on both spouses, since the husband is, on average, 2 years older than the wife. We use labor-force survey data to implement a sharp regression-discontinuity framework, in which the running variable is the distance of the individual birth month to a certain reference month, as well as an incremental differences-in-differences approach. We find a significant drop in each spouse's probability of retirement. The husband's retirement probability also drops immediately by 1 percentage point if the wife is affected by the reform, while her retirement probability does not respond immediately if he is affected.

Suggested Citation

  • Stancanelli, Elena, 2017. "Couples’ retirement under individual pension design: A regression discontinuity study for France," Labour Economics, Elsevier, vol. 49(C), pages 14-26.
    • Handle: RePEc:eee:labeco:v:49:y:2017:i:c:p:14-26
    DOI: 10.1016/j.labeco.2017.08.009
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    Citations

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    Cited by:

    1. Hippolyte d'Albis & Karina Doorley & Elena Stancanelli, 2021. "Older mothers' employment and marriage stability when the nest is empty," PSE Working Papers halshs-03203063, HAL.
    2. Idriss Fontaine, 2019. "The interaction between labour force participation of older men and their wife: lessons from France," TEPP Working Paper 2019-01, TEPP.
    3. Etgeton, Stefan & Fischer, Björn & Ye, Han, 2023. "The effect of increasing retirement age on households’ savings and consumption expenditure," Journal of Public Economics, Elsevier, vol. 221(C).
    4. Merkurieva, Irina, 2023. "Retirement coordination and leisure complementarity," Labour Economics, Elsevier, vol. 85(C).
    5. Kadir Atalay & Garry F. Barrett & Peter Siminski, 2019. "Pension incentives and the joint retirement of couples: evidence from two natural experiments," Journal of Population Economics, Springer;European Society for Population Economics, vol. 32(3), pages 735-767, July.
    6. Hamed Markazi Moghadam & Patrick A. Puhani & Joanna Tyrowicz, 2023. "Pension Reforms and Couples’ Labour Supply Decisions," SOEPpapers on Multidisciplinary Panel Data Research 1187, DIW Berlin, The German Socio-Economic Panel (SOEP).
    7. García-Miralles, Esteban & Leganza, Jonathan M., 2024. "Joint retirement of couples: Evidence from discontinuities in Denmark," Journal of Public Economics, Elsevier, vol. 230(C).
    8. Julian Vedeler Johnsen & Kjell Vaage & Alexander Willén, 2022. "Interactions in Public Policies: Spousal Responses and Program Spillovers of Welfare Reforms," The Economic Journal, Royal Economic Society, vol. 132(642), pages 834-864.
    9. Comi Simona Lorena & Cottini Elena & Lucifora Claudio, 2022. "The effect of retirement on social relationships," German Economic Review, De Gruyter, vol. 23(2), pages 275-299, May.
    10. Hersche Markus & Moor Elias, 2020. "Identification and Estimation of Intensive Margin Effects by Difference-in-Difference Methods," Journal of Causal Inference, De Gruyter, vol. 8(1), pages 272-285, January.
    11. Juan Carlos Campaña & Jose Ignacio Gimenez-Nadal & Jorge Velilla, 2023. "Measuring Gender Gaps in Time Allocation in Europe," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 165(2), pages 519-553, January.
    12. Nagore García, Amparo & van Soest, Arthur, 2022. "Joint retirement behaviour and pension reform in the Netherlands," The Journal of the Economics of Ageing, Elsevier, vol. 23(C).
    13. Doorley, Karina & Stancanelli, Elena G. F., 2019. "Marital Status and Retirement: An Empirical Study for France," IZA Discussion Papers 12299, Institute of Labor Economics (IZA).

    More about this item

    Keywords

    Ageing; Retirement; Policy evaluation;
    All these keywords.

    JEL classification:

    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • C36 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Instrumental Variables (IV) Estimation
    • D04 - Microeconomics - - General - - - Microeconomic Policy: Formulation; Implementation; Evaluation

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