Discussion Papers,
Statistics Norway, Research Department

Abstract: In this paper, we use a binary choice panel data model to analyze married individuals.retirement behavior in Norway when a new option, AFP early retirement becomes available. We focus our study on the influence of the spouse.s characteristics on early retirement behavior. We find the directions of spousal e¤ects are quite symmetric but women seem to have a much stronger response to their spouses' characteristics than men. The comparison of di¤erent specifications indicates that correct modeling of the error term covariance structure in a panel data binary choice model is quite important.

Keywords: Retirement; Spousal Influence; Panel Data; Random Effects.

JEL-codes: H55; J26 February 2005

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