The Forward-Looking Effect of Increasing the Full Retirement Age
研究了提高法定退休年龄对中年人及其配偶劳动参与的影响，发现中年女性参与率上升并带动丈夫推迟退休，这对养老金改革的财政外部性有重要含义。
Abstract This paper analyses the effects of increasing the statutory retirement age for claiming full pension benefits on the labour force participation of middle-aged individuals and their partners. Identification relies on a difference-in-differences setting that exploits the heterogeneous increase in age eligibility for retirement caused by an unexpected pension reform. We detect a rise in the participation rate of middle-aged women that spills over into the labour supply of their husbands, who choose to postpone their retirement. The overall labour supply response has important implications for the extent of the fiscal externality associated with pension reforms that increase the retirement age.