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dc.contributor.authorMerkurieva, Irina
dc.identifier.citationMerkurieva , I 2023 , ' Retirement coordination and leisure complementarity ' , Labour Economics , vol. 85 .
dc.identifier.otherPURE: 292863481
dc.identifier.otherPURE UUID: 57132f53-1fe2-410e-a7e5-39e08d58cc45
dc.identifier.otherORCID: /0000-0003-2240-0489/work/142064454
dc.identifier.otherScopus: 85169534699
dc.description.abstractEmpirical evidence suggests that in a large fraction of working couples spouses retire within a short period of time. This retirement coordination is frequently attributed to leisure complementarities. Contrary to this view, I find strong substitutability between the leisure of the two household members. Using a dynamic programming model of optimal retirement and labor supply decisions, I further show that high levels of retirement coordination can be observed even in the absence of leisure complementarity. Retirement coordination is higher in the households with more equality in the earnings profiles and utility derived from the leisure of their individual members.
dc.relation.ispartofLabour Economicsen
dc.rightsCopyright © 2023 The Author(s). Published by Elsevier B.V. This is an open access article undert he CC BY-NC license (
dc.subjectLeisure complementarityen
dc.subjectIntertemporal household choiceen
dc.subjectHB Economic Theoryen
dc.titleRetirement coordination and leisure complementarityen
dc.typeJournal articleen
dc.description.versionPublisher PDFen
dc.contributor.institutionUniversity of St Andrews. School of Economics and Financeen
dc.description.statusPeer revieweden

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