@article {12434,
	title = {Pathways to Retirement Among Dual Earning Couples},
	journal = {The Journal of the Economics of Ageing},
	volume = {22},
	year = {2022},
	abstract = {Research indicates significant roles for gradual transitions to full retirement and for coordination between spouses in the typical retirement experience. However, there is little research exploring the potentially important interactions between the two. This paper addresses this gap in the literature and provides a more robust understanding of retirement behavior by examining the transition from full-time work to fully retired among dual earning couples, which we call joint retirement trajectories. We analyze 12 waves of the Health and Retirement Study to map out the distribution of potential pathways that couples undertake when retiring. We aimed to present the fullest picture possible of joint retirement trajectories under the hypothesis that if there were a common, dominant, or typical path, it would emerge. Instead, the consistent finding is variation across couples in the length, sequence, leader, concordance, and labor supply in the move from full-time work to fully retired. Using simple heuristics to classify joint retirement trajectories allows us to gain perspective in the rarity of full simultaneous retirement and motivates future research into the joint use of partial retirement by couples.},
	keywords = {Employment, financial decision making, Households, Retirement, retirement benefits, Unemployment},
	doi = {10.1016/j.jeoa.2022.100384},
	author = {Carman, Katherine and Edwards, Kathryn A. and Brown, Kristine M}
}
@article {11085,
	title = {Alternative Pathways to Retirement in a Household Context},
	number = {WR-A822-1},
	year = {2020},
	institution = {RAND Corporation},
	address = {Santa Monica, CA},
	abstract = {Research indicates significant roles for gradual transitions to full retirement and for coordination between spouses in the typical retirement experience. However, there is little research exploring the potentially important interactions between the two. This paper addresses this gap in the literature and provides a more robust understanding of retirement decisions by examining joint work-to-retirement trajectories. We analyze 12 waves of the Health and Retirement Study to develop detailed descriptions of couples{\textquoteright} realized joint retirement trajectories. We use two strategies to classify joint work-to-retirement trajectories. First, we use simple researcher defined rules or heuristics to categorize trajectories that share common features. Second, we use an algorithmic sequence analysis method to identify trajectories that share common properties into clusters, creating a statistically derived typology of retirement pathways. A key finding of our research is the vast variation in retirement sequences followed by couples; our sample includes over 2,600 couples and over 1,400 unique retirement trajectories. We document the frequency of couples{\textquoteright} joint work-to-retirement trajectories observed in the data and the characteristics of these joint trajectories. We also explore the extent to which couples{\textquoteright} personal and employment characteristics correlate with their joint work-to-retirement transitions and trajectories.},
	keywords = {financial decision making, Households, marriage and divorce, retirement and retirement benefits},
	doi = {https://doi.org/10.7249/WRA822-1},
	author = {Brown, Kristine M. and Carman, Katherine and Edwards, Kathryn A.}
}
