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This paper constructs a model of retirement and saving by two earner couples. The model includes three dimensions of behavior: the joint determination of retirement and saving; heterogeneity in time preference; and the interdependence of retirement decisions of husbands and wives. Estimation is...
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A structural econometric model of retirement of married couples is specified and estimated with recent panel data from the NLS for Mature Women. A coincidence of spouses retiring together, despite the younger ages of wives, suggests explicit efforts at coordination. The estimates suggest that...
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This paper analyzes the school enrollment and labor supply decisions of teenagers and young adults as jointly deter-mined outcomes. The empirical results are based on an application of discrete multivariate analysis to a sample taken from the Survey of Income and Education. Higher relative wage...
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