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Should I stay or should I go? An econometric analysis of retirement decisions by couples

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  • Berangere Legendre
  • Annaig-C. Pedrant
  • Mareva Sabatier

Abstract

This article analyses retirement decisions from a household perspective, treating the retirement timing of spouses as potentially interdependent choices. To identify the determinants of retirement decisions by couples and the effects of spousal retirement, this research estimates bivariate probit models in a multi-country setting. The results show a significant joint retirement trend: both men and women are more likely to retire if their spouse already has retired. Strong asymmetric behaviours arise by gender though, with high crosscountry heterogeneity, reflecting institutional differences in both pension and public health systems.

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  • Berangere Legendre & Annaig-C. Pedrant & Mareva Sabatier, 2018. "Should I stay or should I go? An econometric analysis of retirement decisions by couples," Applied Economics, Taylor & Francis Journals, vol. 50(53), pages 5814-5829, November.
    • Handle: RePEc:taf:applec:v:50:y:2018:i:53:p:5814-5829
    DOI: 10.1080/00036846.2018.1488067
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    Cited by:

    1. Steve Briand, 2018. "Time Inconsistency and Delayed Retirement Decision: the French Pension Bonus," Working Papers hal-01891755, HAL.

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