Retirement coordination and leisure complementarity

被引:0
|
作者
Merkurieva, Irina [1 ]
机构
[1] Univ St Andrews, Sch Econ & Finance, St Andrews KY16 9AR, Scotland
关键词
Retirement; Leisure complementarity; Intertemporal household choice; JOINT RETIREMENT; REGRESSION DISCONTINUITY; HEALTH-INSURANCE; SOCIAL-SECURITY; LABOR; BEHAVIOR; COUPLES;
D O I
10.1016/j.labeco.2023.102431
中图分类号
F [经济];
学科分类号
02 ;
摘要
Empirical evidence suggests that in a large fraction of working couples spouses retire within a short period of time. This retirement coordination is frequently attributed to leisure complementarities. Contrary to this view, I find strong substitutability between the leisure of the two household members. Using a dynamic programming model of optimal retirement and labor supply decisions, I further show that high levels of retirement coordination can be observed even in the absence of leisure complementarity. Retirement coordination is higher in the households with more equality in the earnings profiles and utility derived from the leisure of their individual members.
引用
收藏
页数:13
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