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Labor Supply of Retiring Couples and Heterogeneity in Household Decision-Making Structure

Forfattere:

Zhiyang, Jia

År:

2005

Referanse:

Review of Economics of the Household

No 3, p 215-33

Summary

This paper analyze the labor market participation behavior of retiring couples in Norway. To account for the unobserved heterogeneity in decision-making structure within the household. I formulate a mixed model by assuming there are two types of households, the cooperative type and the non-cooperative type. I assume that non-cooperative households behave according to a Stackelberg game with the male as the leader, while cooperative households engage in a cooperative bargaining process. The estimation results show that more than half of the households are of the non-cooperative type.

Nøkkelord:

Household labor supply, retirement, unobserved heterogeneity, mixed model

JEL:

D10, J26

Prosjekt info:

Oppdragsgiver: Norges forskningsråd
Oppdragsgivers prosjektnr.:
Frisch prosjekt: 1132 - Yrkesaktivitet blant eldre og finansiering av pensjonssystemet

Finansiering:

Norges forskningsråd