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 215-33Sammendrag (engelsk)
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 forskningsrådOppdragsgivers prosjektnr.:
Frisch prosjekt: 1132 - Yrkesaktivitet blant eldre og finansiering av pensjonssystemet
Finansiering:
Norges forskningsråd