Labor Supply Preferences around Retirement for US Households

TitleLabor Supply Preferences around Retirement for US Households
Publication TypeThesis
Year of Publication2013
AuthorsYu, Z
UniversityTilburg University
CityTilburg, Netherlands
KeywordsAdult children, Employment and Labor Force, Retirement Planning and Satisfaction
Abstract

We analyze labor supply preferences around retirement for US households coming from the Health and Retirement Study. A collective structural life cycle model of joint retirement of couples is specified and estimated. Respondents were given hypothetical retirement scenarios describing age(s) of retirement of both spouses and replacement rate(s). Preferences and the intrahousehold bargaining process are identified by using stated preference data. Parameters of the utility functions vary with observed and unobserved characteristics. Our results support the collective model rather than the unitary model.

Endnote Keywords

marriage

Endnote ID

999999

Short TitleLabor Supply Preferences around Retirement for US Households
Citation Key6178