Abstract

  


 



Interdependent Durations in Joint Retirement


Bo E. Honore


Princeton University - Department of Economics

Aureo De Paula


University of Pennsylvania - Department of Economics
February 1, 2011

Center for Retirement Research at Boston College Working Paper No. 2011-5

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.

Number of Pages in PDF File: 29

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Date posted: February 16, 2011  

Suggested Citation

Honore, Bo E. and De Paula, Aureo, Interdependent Durations in Joint Retirement (February 1, 2011). Center for Retirement Research at Boston College Working Paper No. 2011-5. Available at SSRN: http://ssrn.com/abstract=1762097 or http://dx.doi.org/10.2139/ssrn.1762097

Contact Information

Bo E. Honore (Contact Author)
Princeton University - Department of Economics ( email )
Princeton, NJ 08544-1021
United States
Aureo De Paula
University of Pennsylvania - Department of Economics ( email )
3718 Locust Walk
Philadelphia, PA 19104
United States
215-898-1506 (Phone)
215- 573-2057 (Fax)
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