Labor Supply of Retiring Couples and Heterogeneity in Household Decision-Making Structure

Discussion Papers from Statistics Norway, Research Department

Abstract: This paper analyzes 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.

Keywords: household labor supply; retirement; unobserved heterogeneity; mixed model (search for similar items in EconPapers)
JEL-codes: D10 J26 (search for similar items in EconPapers)
Date: 2005-02
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Citations: View citations in EconPapers (20)

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Journal Article: Labor Supply of Retiring Couples and Heterogeneity in Household Decision-Making Structure (2005)
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