retirement spells has been steadily increasing. We estimate the response of retirement timing to variations in unemployment rate …, inflation and housing prices. Flows into both full and partial retirement increase significantly when the unemployment rate … rises. Workers around normal retirement age are especially sensitive to variations in the unemployment rate. Workers who are …

proposed model is that it will generate equal durations with positive probability. The motivating example is retirement … retirement time depends on the retirement time of the spouse. Moreover, the data suggest that the wife and the husband retire at … in retirement to depend on the retirement status of the spouse. The econometric model is then completed by assuming that …