|Title||Labor Supply Preferences around Retirement for US Households|
|Year of Publication||2013|
|Keywords||Adult children, Employment and Labor Force, Retirement Planning and Satisfaction|
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.
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|Short Title||Labor Supply Preferences around Retirement for US Households|