NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Luc Bissonnette

Universite Laval
Pavillon J.-A.-DeSève 1025
avenue des Sciences-Humaines
Quebec G1V0A6
Canada

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
Institutional Affiliation: Universite Laval

NBER Working Papers and Publications

September 2018Understanding Joint Retirement
with Pierre-Carl Michaud, Arthur van Soest: w25030
Evidence from different sources shows that spouses' retirement decisions are correlated. Retirement policies affecting individuals in couples are therefore also likely to affect behavior of their spouses. It is therefore important to account for joint features in modeling retirement. This paper studies a structural collective model of labor supply and retirement of both partners in a couple with interdependent preferences, imperfect knowledge of preferences of the spouse, and subjective expectations about the future. We propose a novel method to estimate preferences and the intra-household bargaining process, which relies on stated preferences data collected in the Health and Retirement Study. Respondents were asked to choose between hypothetical retirement trajectories describing the reti...

Published: Pierre-Carl Michaud & Arthur Van Soest & Luc Bissonnette, 2019. "Understanding joint retirement," Journal of Economic Behavior & Organization, .

 
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