@techreport{Michaud2004Collective,
abstract = {We study the labor supply dynamics of elderly couples by means of a structural collective
model. The model allows for general externalities with respect to spouses? leisure.
Preferences and the intrahousehold bargaining process are identified by using panel data
with couples and individuals who turned into widow(er)hood in the covered period. The model
does not only look at the extensive margin (working versus being retired), but also at the
intensive margin (how many hours are worked) and the claiming decision for social security
benefits. We apply the model to American households coming from the first five waves of the
Health and Retirement Study. We also provide model simulations for two widely discussed
reform proposals; more specifically the abolition of the earnings test and the elimination of
the spouse benefit. The model simulations reveal only small changes in labor supply of
elderly couples.},
author = {Pierre-Carl Michaud and Frederic Vermeulen},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {D13; J26; J22; H31; 330; collective household models; labor supply; retirement; social security; identification; \"{A}ltere Arbeitskr\"{a}fte; Altersgrenze; Erwerbst\"{a}tigkeit; Haushalts\"{o}konomik; Vereinigte Staaten},
language = {eng},
number = {1294},
title = {A Collective Retirement Model : Identification and Estimation in the Presence of Externalities},
type = {IZA Discussion paper series},
url = {http://hdl.handle.net/10419/20560},
year = {2004}
}
