Earlier literature has investigated the drop in household consumption upon retirement of the head of the household, the … so-called "retirement consumption puzzle". Here, we expand on these studies by considering also retirement of the wife … approach to estimate the effect of each partner's retirement on household consumption. We use for the analysis data drawn from …

a variety of institutional pensions schemes. The study contrasts pension system regulation in Denmark, Finland, Germany …

Retirement policies are individually designed but the majority of people of retirement age live as couples. We estimate …'s unobserved heterogeneity. We conclude that the reform immediately reduced both spouses' retirement probability. The wife …'s retirement probability also drops by 1 to 4 percentage points if the husband is hit by the reform, and vice-versa. Instrumenting …

We argue that retirement from work may affect marital status according to the predictions of quite standard economic … models of marriage and divorce. Retirement may make singles less marriageable as well as impacting negatively marriage … stability for married people. We exploit retirement laws in France to instrument the effect of retirement on individual marriage …