A Bivariate Duration Model of the Joint Retirement Decisions of Married Couples

@inproceedings{An1999ABD,
  title={A Bivariate Duration Model of the Joint Retirement Decisions of Married Couples},
  author={Mark Yuying An and Bent Jesper Christensen and Nabanita Datta Gupta},
  year={1999}
}
We analyze the retirement behaviour of married couples using a new bi-variate proportional hazard model. This model generalizes the traditional univariate duration analysis to include a family-wide joint retirement process that induces both spouses to retire at the same time. The model is flexible and allows three unknown baseline hazard functions to be nonparametrically estimated. Fitting this model to data from the Retirement History Longitudinal Survey (RHS) we quantify the importance of the… CONTINUE READING

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