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Article
Retirement Patterns of Couples in Europe
IZA Journal of European Labor Studies (2014)
  • Laura Hospido
  • Gema Zamarro, University of Southern California
Abstract

In this paper we study the retirement patterns of couples in a multi-country setting using data from the Survey of Health, Aging and Retirement in Europe. In particular, we test whether women's (men's) transitions out of the labor force are directly related to the actual realization of their husbands' (wives') transition, using the institutional variation in country-specific early and full statutory retirement ages to instrument the latter. Exploiting the discontinuities in retirement behavior across countries, we find a significative joint retirement effect, especially for women, of around 16 to 18 percentage points. For men, we find a similar but less precise effect. Our empirical strategy allows us to give a causal interpretation to the effect we estimate. In addition, this effect has important implications for policy analysis.

Disciplines
Publication Date
2014
Citation Information
Laura Hospido and Gema Zamarro. "Retirement Patterns of Couples in Europe" IZA Journal of European Labor Studies Vol. 3 Iss. 12 (2014)
Available at: http://works.bepress.com/gema_zamarro/7/