Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/147932
Authors: 
Jousten, Alain
Lefèbvre, Mathieu
Year of Publication: 
2016
Series/Report no.: 
IZA Discussion Papers 10246
Abstract: 
We study retirement incentives with augmented option value model à la Stock and Wise (1990). We propose methodological extensions to better reflect the respective incentives faced by singles and couples. Our results show that a more comprehensive modelling of couples' incentives leads to very different patterns of retirement incentives – particularly for women. We apply the new indicators to data from the Survey of Health, Ageing and retirement in Europe (SHARE) in Belgium and find two key results. First, contrary to several previous studies, we obtain a positive signed income effects. Second, we find very different retirement incentives for men and women, with little flexibility in the retirement decision for men and substantially more flexibility for women as a function of financial incentives and household composition.
Subjects: 
retirement
social security
dependent benefits
JEL: 
H55
J21
J26
Document Type: 
Working Paper

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