caa a22 4500 378899090 CHVBK 20180305123513.0 cr unu---uuuuu 161128e20040727xx s 000 0 eng 10.2202/1538-0653.1277 doi (NATIONALLICENCE)gruyter-10.2202/1538-0653.1277 Coile Courtney 1Wellesley College, ccoile@wellesley.edu Retirement Incentives and Couples' Retirement Decisions [Elektronische Daten] [Courtney Coile] The typical family in the US is now a dual-earner couple, yet there are relatively few studies that examine the retirement decision in a household framework, particularly outside the context of a structural model. This paper explores how husbands' and wives' retirement behavior is influenced by their own financial incentives from Social Security and private pensions and by "spillover effects” from their spouses' incentives. Spillover effects are possible due to income effects and complementarity of leisure; if significant, their omission will bias estimates of the effect of changing Social Security policy on retirement. I estimate reduced-form retirement models and find that men and women are similarly responsive to their own incentives: an increase of $1,000 in the return to additional work is associated with a reduction of 0.9% of baseline retirement for men and 1.3% of baseline retirement for women. I find that men are very responsive to their wives' financial incentives but that women are not responsive to their husbands' incentives and present evidence to suggest that this may be due to asymmetric complementarities of leisure. Policy simulations indicate that estimates of the effect of a policy change on the probability of men working at age 65 are biased by 13% to 20% if spillover effects are omitted. ©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston H55, J26 nationallicence Social Security nationallicence retirement nationallicence couples nationallicence Topics in Economic Analysis & Policy De Gruyter 4/1(2004-07-27) 4:1 2004 4 bejeap https://doi.org/10.2202/1538-0653.1277 text/html Onlinezugriff via DOI 1 research article jats NATIONALLICENCE 856 40 https://doi.org/10.2202/1538-0653.1277 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Coile Courtney 1Wellesley College, ccoile@wellesley.edu NATIONALLICENCE 773 0- Topics in Economic Analysis & Policy De Gruyter 4/1(2004-07-27) 4:1 2004 4 bejeap CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-gruyter