Pension Incentives and the Retirement Decisions of Couples

Arbeitspapier

Recent reforms to social security in many countries have sought to delay retirement. Given the family context in which retirement decisions are made, social security reforms have potentially important spill-over effects on the participation of spouses. This paper analyses the impact of women's pension incentives on the retirement decision of their husband. The 1993 Age Pension reform in Australia increased the eligibility age for Age Pension benefits for women. This reform caused an increase in participation of men married to women in the affected cohorts. The behavioral responses are due to wealth effects and preferences for shared leisure.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IZA Discussion Papers ; No. 10013

Classification and Topics

• Classification: Wirtschaft ; Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡ ; Welfare, Well-Being, and Poverty: Government Programs; Provision and Effects of Welfare Programs ; Retirement; Retirement Policies
• Subject: retirement ; age pension ; joint retirement ; spousal effect

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Atalay, Kadir ; Barrett, Garry
• Event: Veröffentlichung
• (who): Institute for the Study of Labor (IZA)
• (where): Bonn
• (when): 2016

Further information

• Handle: http://hdl.handle.net/10419/145147
• Last update: 10.03.2025, 11:45 AM CET