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| Author: | Bingley, P. Lanot, G. |
| Title: | Public pension programmes and the retirement of married couples in Denmark |
| Journal: | Journal of Public Economics
2007 : NOV, VOL. 91:10, p. 1878-1901 |
| Index terms: | gender pensions retirement dynamic models |
| Language: | eng |
| Abstract: | This article examines the economic determinants of the joint retirement process of married couples by proposing a dynamic discrete choice model for retirement decisions. Non-trivial saving behaviour is allowed in this model, and using a population-based administrative register, the model is estimated on a 1% sample of Danish couples. The authors focus on the elasticities of participation/retirement with respect to income, and the findings suggest that there is a notable asymmetry in the sensitivity of retirement behaviour of men and women with respect to variation in their own income flows or that of their spouses. |
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