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Public pension programmes and the retirement of married couples in Denmark
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Bingley, Paul and Lanot, Gauthier (2007) Public pension programmes and the retirement of married couples in Denmark. In: Trans-Atlantic Public Economics Seminat (TAPES), Uppsala, SWEDEN, JUN 12-14, 2006. Published in: JOURNAL OF PUBLIC ECONOMICS, 91 (10). pp. 1878-1901. doi:10.1016/j.jpubeco.2007.09.006 ISSN 0047-2727.
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Official URL: http://dx.doi.org/10.1016/j.jpubeco.2007.09.006
Abstract
In this paper we study the economic determinants of the joint retirement process of married couples. We propose a tractable dynamic discrete choice model for retirement decisions which allows for non-trivial saving behaviour. We estimate the model on a 1% sample of Danish couples of potential retirement age drawn from a population-based administrative register. The introduction and subsequent reforms of a publicly financed early retirement programme provide us with variation in the data to insure identification of the parameters of interest: the elasticities of participation/retirement with respect to income flows. Our estimates imply a significant asymmetry in the sensitivity of retirement behaviour of men and women with respect to variation in their own, or their spouse's, income flows. (c) 2007 Elsevier B.V. All rights reserved.
Item Type: | Conference Item (UNSPECIFIED) | ||||
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Subjects: | H Social Sciences > HC Economic History and Conditions | ||||
Journal or Publication Title: | JOURNAL OF PUBLIC ECONOMICS | ||||
Publisher: | ELSEVIER SCIENCE SA | ||||
ISSN: | 0047-2727 | ||||
Official Date: | November 2007 | ||||
Dates: |
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Volume: | 91 | ||||
Number: | 10 | ||||
Number of Pages: | 24 | ||||
Page Range: | pp. 1878-1901 | ||||
DOI: | 10.1016/j.jpubeco.2007.09.006 | ||||
Publication Status: | Published | ||||
Title of Event: | Trans-Atlantic Public Economics Seminat (TAPES) | ||||
Location of Event: | Uppsala, SWEDEN | ||||
Date(s) of Event: | JUN 12-14, 2006 |
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