Browse By:

Thursday December 13, 2018 Login |Register

A Project of

sponsored by

Interdependent Durations in Joint Retirement

Bookmark and Share Report Misuse or Glitches

Publication Date: February 2011

Publisher(s): Center for Retirement Research at Boston College

Author(s): Bo Honore; Aureo de Paula


Special Collection:

Topic: Economics (Consumers and consumption)
Economics (Economic conditions)
Economics (Economic theory)

Keywords: work and retirement

Type: Report

Coverage: United States


In this paper, we use a novel duration model to study joint retirement in married couples using the Health and Retirement Study. Whereas conventionally used models cannot account for joint retirement, our model admits joint retirement with positive probability and nests the traditional proportional hazards model. In contrast to other statistical models for simultaneous durations, it is based on Nash bargaining and is interpretable as an economic behavior model. Our estimation strategy relies on indirect inference.