Pension reforms and couples’ labour supply decisions
利用德国养老金改革中提前退休条件收紧的政策断点，研究发现改革前夫妻在退休决策上存在对称协调，双方在配偶满60岁时劳动供给均下降5个百分点；改革后这种反应几乎消失。
This study examines how retirement options for husbands and wives impact their labour supply decisions using a regression discontinuity design. In the context of German pension reforms, which have tightened early retirement possibilities, we find that coordination in retirement decisions between spouses was more prevalent and symmetrical before the reforms, but less so after. This sheds light on the role of early retirement possibilities in shaping couples’ reactions to one spouse’s retirement age. • We study how retirement options of a spouse affects the other spouse’s labour supply. • We exploit cutoffs during pension reforms tightening early retirement options. • Prior, both partners react to their spouse reaching an early retirement age. • Both decrease their labour supply by 5 perc. points when the spouse reaches age 60. • Post-reform, there is hardly any significant reaction to the spouse’s retirement age.