University of Illinois Urbana-Champaign

A Simultaneous Logit Model of the Dual-Earner Retirement Decision

Campione, Wendy Ann

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https://hdl.handle.net/2142/70748

Description

Title
A Simultaneous Logit Model of the Dual-Earner Retirement Decision
Author(s)
Campione, Wendy Ann
Issue Date
1984
Department of Study
Economics
Discipline
Economics
Degree Granting Institution
University of Illinois at Urbana-Champaign
Degree Name
Ph.D.
Degree Level
Dissertation
Keyword(s)
Economics, Labor
Abstract
  • The retirement decision of dual-earner families is becoming increasingly important in terms of economic issues and public policy. A theoretical optimization model is developed of the dual-earner retirement decision. The model determines the optimal ages of retirement for both husband and wife. The decision is made a function of economic variables, health and control variables.
  • To estimate the model, a simultaneous multivariate logit model developed by Nerlove and Press is used. Detailed examination of this model and an extensive discussion of the computer program is also given. The sample used in the estimation was derived from the University of Michigan's Panel Study, 1968-1979 using the 1979 wave. A methodological comparison of the simple logit, conditional logit and simultaneous logit models is included.
  • The results demonstrate that there is significant simultaneity in the decisions with respect to retirement of the husband and wife within the dual-earner family. Economic variables and health variables were found to significantly affect the decision.
Graduation Semester
1984
Type of Resource
text
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http://hdl.handle.net/2142/70748

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