Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/245372 
Year of Publication: 
2021
Series/Report no.: 
CESifo Working Paper No. 9191
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
We study how social security influences the retirement behavior of couples. First, we exploit over two decades of full-population data and a discontinuity design to document sizable retirement spillovers to spouses when individuals reach pension eligibility age. Next, we explore underlying mechanisms. We find age differences within couples to be a fundamental determinant of joint retirement, which is driven by older spouses working longer. Accounting for these age differences reveals a strong gender gap, which prevails after controlling for relative earnings. Finally, in a complementary analysis we show that a reform increasing eligibility ages induces similar spillovers to spouses.
Subjects: 
joint retirement
pension eligibility age
couples labor supply
JEL: 
J14
J26
D10
H55
Document Type: 
Working Paper
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