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Centre for Policy on Ageing | |
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| Late career job loss and retirement behavior of couples | | Author(s) | Ajin Lee |
| Journal title | Research on Aging, vol 39, no 1, January 2017 |
| Publisher | Sage, January 2017 |
| Pages | pp 7-28 |
| Source | journals.sagepub.com/home/roa |
| Keywords | Redundancy ; Retirement ; Economic status [elderly] ; Spouses ; Attitudes to retirement ; Quantitative studies ; United States of America. |
| Annotation | This article argues that wealth uncertainty influences when couples choose to retire. The author uses data from the US Health and Retirement Study (HRS) to show that wives delay retirement when their husbands retire following a job loss. This effect is stronger when husbands are the primary earners, and couples are relatively poorer. This provides evidence of intra-household insurance that mitigates the impact of an unexpected earnings shock. The author finds that wives tend to delay retirement only until they become eligible for social security. This suggests that social security benefits can relax households' budget constraints and allow wives to join their husbands in retirement. This article was first presented at the conference, Social Insurance and Lifecycle Events among Older Americans (held on 7 December 2014), which was sponsored by the American Association of Retired Persons (AARP). (RH). |
| Accession Number | CPA-170324203 A |
| Classmark | WI: G3: F:W: SN: G7:DP: 3DQ: 7T |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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