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Who Expects to Continue Working After Age 62: The Retirement Plans of Couples

Publication Abstract

Pienta, Amy M., and Mark D. Hayward. 2002. "Who Expects to Continue Working After Age 62: The Retirement Plans of Couples." Journals of Gerontology B: Psychological and Social Sciences, 57B(4): S199-S208.

Pienta and Hayward examine the individual, spousal, and household characteristics associated with retirement expectations of husbands and wife. Using data from the 1992 Health and Retirement Study, subjective probabilities of working full-time after reaching age 62 and age 65 are used to measure retirement expectations of husbands and wife, which are modeled simultaneously using a joint-generalized least-squares approach. Findings support that there is considerable overlap in retirement planning of husbands and wives during early parts of the retirement decision-making process; however, inequity in cross-spousal influences is a defining characteristics of retirement decision-making.

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