Interdependent durations in joint retirement

Honoré, Bo, and Áureo De Paula. “Interdependent durations in joint retirement”. CRR WP 2011-5, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, February 2011. http://hdl.handle.net/2345/bc-ir:104848.
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Abstract

In this paper, we use a novel duration model to study joint retirement in married couples using the Health and Retirement Study. Whereas conventionally used models cannot account for joint retirement, our model admits joint retirement with positive probability and nests the traditional proportional hazards model. In contrast to other statistical models for simultaneous durations, it is based on Nash bargaining and is interpretable as an economic behavior model. Our estimation strategy relies on indirect inference.

Title
Interdependent durations in joint retirement
Author
Honoré, Bo
de Paula, Áureo
Center
Center for Retirement Research
Genre
working paper
Date Issued
February 2011
Publisher
Center for Retirement Research at Boston College
Series Title
CRR WP
Series Number
2011-5
Persistent Link
http://hdl.handle.net/2345/bc-ir:104848
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Older workers

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