Spousal influence on early retirement behavior
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Date
2005Metadata
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- Discussion Papers [1002]
Abstract
Abstract:
In this paper, we use a binary choice panel data model to analyze married individuals.retirement
behavior in Norway when a new option, AFP early retirement becomes available. We focus our study
on the influence of the spouse.s characteristics on early retirement behavior. We find the directions
of spousal e¤ects are quite symmetric but women seem to have a much stronger response to their
spouses' characteristics than men. The comparison of di¤erent specifications indicates that correct
modeling of the error term covariance structure in a panel data binary choice model is quite
important.
Keywords: Retirement, Spousal Influence, Panel Data, Random Effects.