Herman Kruse, UiO

Department seminar. Herman Kruse is a PhD student at Department of Economics, UiO. He will present a paper entitled "Joint Retirement in Couples Evidence of Asymmetric Complementarity in Leisure"

Photo of Herman Kruse

Herman Kruse  

Abstract

This paper measures the spillover effects in joint retirement decisions within couples. A major reform of the Norwegian pension system in 2011 provides a quasiexperimental setting. Access to comprehensive register data on the entire Norwegian population from 1993-2015 allows for linking of all Norwegian married couples and precise estimation of causal effects. The results show that spousal spillovers are asymmetric. A lower bound estimate of complementarity of leisure shows that women eligible for retirement are about 16-18 percentage points more likely to postpone labor market exit if the husband postpones retirement. Spousal spillovers account for about 10-14 percent of the aggregate employment effect among women. There is no indication of men responding to their wives' work incentives.

Host: Manudeep Bhuller

Published May 31, 2019 2:28 PM - Last modified June 6, 2019 3:16 PM