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Author: Favreault, Melissa M.
Resulting in 1 citation.
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Johnson, Richard W. Favreault, Melissa M. Jones, Landon Y. |
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Trends in the Joint Retirement Decisions of Husbands and Wives Presented: Los Angeles, CA, Population Association of America Annual Meetings, March 2000 Cohort(s): Older Men Publisher: Population Association of America Keyword(s): Age and Ageing; Earnings, Husbands; Earnings, Wives; Pensions; Retirees; Retirement/Retirement Planning Permission to reprint the abstract has not been received from the publisher. Although usually modeled as an individual decision, retirement is often a family decision that husbands and wives make jointly. Since couples generally prefer to spend their leisure time together, many husbands and wives retire at roughly the same time. However, the timing of retirement is influenced by financial incentives, with workers often choosing retirement dates that maximize pension wealth. Thirty years ago, when most women did not have extensive employment histories and pension wealth was generally much larger for husbands than wives, men and women could choose optimal retirement dates based on the husband's pension plan alone. In recent years, however, as the employment histories of wives have grown, women may suffer substantial pension losses if they simply follow their husbands into retirement. In this paper, we examine changes over time in the joint retirement behavior of husbands and wives, using data from the National Longitudinal Survey of Older Men and the Health and Retirement Study. |
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Bibliography Citation
Johnson, Richard W., Melissa M. Favreault and Landon Y. Jones. "Trends in the Joint Retirement Decisions of Husbands and Wives." Presented: Los Angeles, CA, Population Association of America Annual Meetings, March 2000. |