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 …

often claimed that individuals with a higher level of financial literacy display a higher propensity to plan for retirement …. In their planning process, individuals seek to achieve an optimal wealth level before their retirement by modulating … their average saving rate and, as a last step, by choosing their retirement age. In this paper, we test whether UK …