Labor Force Dynamics of Older Married Couples
Journal of Labor Economics · 1998 · 327 citations · 10 references
United StatesEconomics Of AgingPopulation AgingLabor Force StatusEconomicsGeriatricsHousehold LaborMarriage MarketsMarriageJoint RetirementLabor Force DynamicsFamily EconomicsSociologyBusinessRetirement StudiesIntergenerational RelationDemographyMedicineUnemployment
The article analyzes the dynamics of joint labor force behavior of older couples in the United States. The study uses the Retirement History Survey to examine how a spouse’s labor force status influences the other spouse’s retirement decisions. The results reveal strong associations between spouses’ labor force transition probabilities, driven by structural differences in exit and entry behavior and substantial effects of lagged endogenous variables even after controlling for unobserved heterogeneity.
This article analyzes the dynamics of joint labor force behavior of older couples in the United States. Using the Retirement History Survey (RHS) I analyze the determinants of joint retirement and the effect of one spouse's labor force status on the labor force transitions of the other spouse. The results reveal strong associations between the labor force transition probabilities of one spouse and the labor force status of the other spouse. These result from structural differences in exit and entry behavior by the spouse's status. Several lagged endogenous variables have substantial effects on behavior even after controlling for unobserved heterogeneity.
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