Reportgreen1999

The Retirement Behavior of Married Couples: Evidence from the Spouse's Allowance

63 citations0/0 files storedNational Bureau of Economic Research

No readable copy stored yet — this record is metadata only.

Retirement, Disability, and Employment Financial Literacy, Pension, Retirement Analysis Gender, Labor, and Family Dynamics

Abstract

I examine the effects of the introduction of the Spouse's Allowance to the Canadian Income Security (IS) system on the retirement behavior of couples.This program was effectively targeted at females in couples attempting to live on a single pension.It allowed qualifying spouses to receive the age related benefits of the IS system at age 60, up to five years earlier than other members of the population.This policy intervention provides an excellent opportunity to investigate how income security programs affect the timing of retirement, and how programs targeted at one spouse can affect the behavior of the other.The results indicate that the introduction of the Allowance is associated with a relative increase in the labor force rates of 6 to 7 percentage points among males in eligible couples.Eligible females did not share the rising employment rates over the 1970s experienced by their counterparts (of the same age) who were not eligible for the Spouse's Allowance.

Citations in this library

Stored only when both papers are in the corpus — 63 citations exist upstream.

References

1998Labor Force Dynamics of Older Married Couples 1991The Effect of Social Security on Labor Supply: A Cohort Analysis of the Notch Generation 2003Retirement Incentives and Couples' Retirement Decisions 1989Married women's retirement behavior 1994Retirement in a Family Context: A Structural Model for Husbands and Wives 1999Early Retirement Provisions and the Labor Force Behavior of Older Men: Evidence from Canada 1997Social security and the labor supply of older married couples

Cited by

2004Saving for Retirement: Household Bargaining and Household Net Worth 2003The retirement incentive effects of Canada's Income Security programs 2015Retirement decisions of couples in Australia: The impact of spousal characteristics and preferences 2017The effect of age-targeted tax credits on labor force participation of older workers 2013How Sensitive are Individual Retirement Expectations to Raising the Retirement Age?2021Interactions in Public Policies: Spousal Responses and Program Spillovers of Welfare Reforms 2018

Imported from OpenAlex (CC0) — nothing here is generated.