Hostname: page-component-78c5997874-4rdpn Total loading time: 0 Render date: 2024-11-13T02:19:36.921Z Has data issue: false hasContentIssue false

Spousal age differences and synchronised retirement

Published online by Cambridge University Press:  21 December 2015

PER GUSTAFSON*
Affiliation:
Institute for Housing and Urban Research, Uppsala University, Sweden.
*
Address for correspondence: Per Gustafson, Institute for Housing and Urban Research, Uppsala University, Box 514, SE-75120 Uppsala, Sweden E-mail: per.gustafson@ibf.uu.se

Abstract

Many couples want to retire together even if spouses differ in age. Drawing on theories of leisure complementarity, gender roles and social status, this article uses comprehensive Swedish register data from 2002 to 2010 to explore synchronised retirement and its association with spousal age differences and other socio-demographic factors. Synchronisation rates in dual-earner couples (N = 83,986) were 10 per cent for retirement the same calendar year and 25 per cent for retirement the same or the following year. Contrary to theoretical expectations, synchronisation was more common in women-older couples than in men-older couples, although this was largely a consequence of the skewed distribution of age differences. Moreover, spouses' education, incomes, assets, employment and health were differently associated with synchronisation in same-age, men-older and women-older couples. In the total population, average retirement age differed very little between synchronising couples and other couples. Yet women who synchronised retired at an earlier age than other women, whereas men who synchronised retired later than other men. This was partly an effect of the predominance of men-older couples, but men in men-older couples were also more likely than women in women-older couples to delay retirement in order to synchronise.

Type
Articles
Copyright
Copyright © Cambridge University Press 2015 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

An, M. Y., Christensen, B. J. and Datta Gupta, N. 2004. Multivariate mixed proportional hazard modelling of joint retirement of married couples. Journal of Applied Econometrics, 19, 6, 687704.Google Scholar
Arber, S. and Ginn, J. 1995. Choice and constraint in the retirement of older married women. In Arber, S. and Ginn, J. (eds), Connecting Gender and Ageing: A Sociological Approach. Open University Press, Buckingham, UK, 6986.Google Scholar
Baker, M. 2002. The retirement behavior of married couples: evidence from the spouse's allowance. Journal of Human Resources, 37, 1, 134.Google Scholar
Berardo, F. M., Appel, J. and Berardo, D. H. 1993. Age dissimilar marriages: review and assessment. Journal of Aging Studies, 7, 1, 93106.Google Scholar
Bergstrom, T. and Lam, D. 1989. The effects of cohort size on marriage markets in twentieth century Sweden. Working Paper, Department of Economics, University of California, Santa Barbara, California.Google Scholar
Blau, D. M. 1998. Labor force dynamics of older married couples. Journal of Labor Economics, 16, 3, 595629.Google Scholar
Blau, D. M. and Gilleskie, D. B. 2006. Health insurance and retirement of married couples. Journal of Applied Econometrics, 21, 7, 935–53.Google Scholar
Bloemen, H. G. 2011. The effect of private wealth on the retirement rate: an empirical analysis. Economica, 78, 312, 637–55.Google Scholar
Burgoyne, C. B. 1990. Money in marriage: how patterns of allocation both reflect and conceal power. The Sociological Review, 38, 4, 634–65.Google Scholar
Buss, D. M. 1989. Sex differences in human mate preferences: evolutionary hypotheses tested in 37 cultures. Behavioral and Brain Sciences, 12, 1, 149.Google Scholar
Casanova, M. 2010. Happy Together: A Structural Model of CouplesJoint Retirement Choices. Working Paper, University of California, Los Angeles. Available online at http://www.econ.ucla.edu/casanova/Files/Casanova_joint_ret.pdf [Accessed 24 March 2014].Google Scholar
Casterline, J. B., Williams, L. and McDonald, P. 1986. The age difference between spouses: variations among developing countries. Population Studies, 40, 3, 353–74.Google Scholar
Coile, C. 2004. Retirement incentives and couples’ retirement decisions. Topics in Economic Analysis & Policy, 17, 4, article 17.Google Scholar
Dahl, S.-Å., Nilsen, Ø. A. and Vaage, K. 2003. Gender differences in early retirement behaviour. European Sociological Review, 19, 2, 179–98.Google Scholar
Denaeghel, K., Mortelmans, D. and Borghgraef, A. 2011. Spousal influence on the retirement decisions of single-earner and dual-earner couples. Advances in Life Course Research, 16, 3, 112–23.Google Scholar
Díez Minguela, A. M. 2010. Essays on marriage and female labour. PhD thesis, Department of Economics, University of Warwick, Coventry, UK.Google Scholar
Flood, L. and Klevmarken, A. 2008. The distribution of wealth. In Klevmarken, A. and Lindgren, B. (eds), Simulating an Aging Population: A Microsimulation Approach Applied to Sweden. Emerald, Bingley, UK, 293324.Google Scholar
Försäkringskassan 2006. Genomsnittlig pensionsålder i de nordiska länderna – med internationell utblick. Försäkringskassan analyserar, 2006:11, Försäkringskassan, Stockholm.Google Scholar
Glans, E. 2008. Retirement patterns during the Swedish pension reform. Working Paper 2008:9, Department of Economics, Uppsala University, Uppsala, Sweden.Google Scholar
Gruber, J. and Wise, D. 1998. Social security and retirement: an international comparison. American Economic Review, 88, 2, 158–63.Google Scholar
Gustafson, P. and Fransson, U. 2015. Age differences between spouses: sociodemographic variation and selection. Marriage and Family Review, 51, 7, 610–32.Google Scholar
Gustman, A. L. and Steinmeier, T. L. 2000. Retirement in dual-career families: a structural model. Journal of Labor Economics, 18, 3, 503–45.Google Scholar
Gustman, A. L. and Steinmeier, T. L. 2004. Social security, pensions and retirement behaviour within the family. Journal of Applied Econometrics, 19, 6, 723–37.Google Scholar
Gustman, A. L. and Steinmeier, T. 2009. Integrating retirement models. NBER Working Paper 15607, National Bureau of Economic Research, Cambridge, Massachusetts.Google Scholar
Hallberg, D. 2003. A description of routes out of the labor force for workers in Sweden. Working Paper 2003:23, Department of Economics, Uppsala University, Uppsala, Sweden.Google Scholar
Hallberg, D. 2011. Economic fluctuations and retirement of older employees. Labour, 25, 3, 287307.CrossRefGoogle Scholar
Halleröd, B. 2005. Sharing of housework and money among Swedish couples: do they behave rationally? European Sociological Review, 21, 3, 273–88.Google Scholar
Henretta, J. C., O'Rand, A. M. and Chan, C. G. 1993. Joint role investments and synchronization of retirement: a sequential approach to couples’ retirement timing. Social Forces, 71, 4, 9811000.Google Scholar
Ho, J. H. H. and Raymo, J. M. 2009. Expectations and realization of joint retirement among dual-worker couples. Research on Aging, 31, 2, 153–79.Google Scholar
Holland, J. A. 2013. Love, marriage, then the baby carriage? Marriage timing and childbearing in Sweden. Demographic Research, 29, 11, 275306.Google Scholar
Honoré, B. E. and de Paula, A. 2014. Joint Retirement in Europe. Netspar Discussion Paper 10/2014-052. Available online at http://ssrn.com/abstract=2540510 [Accessed 3 February 2015].Google Scholar
Hurd, M. D. 1990. The joint retirement decision of husbands and wives. In Wise, D. A. (ed.), Issues in the Economics of Aging. University of Chicago Press, Chicago, 231–58.Google Scholar
Johnson, R. W. 2004. Do Spouses Coordinate Their Retirement Decisions? An Issue in Brief 19, Center for Retirement Research at Boston College, Chestnut Hill, Massachusetts. Available online at http://www.urban.org/uploadedPDF/1000694_spouses_retirement.pdf [Accessed 4 December 2012].Google Scholar
Johnson, R. W. 2009. Family, public policy, and retirement decisions: introduction to the special issue. Research on Aging, 31, 2, 139–52.CrossRefGoogle Scholar
Johnson, R. W. and Favreault, M. M. 2001. Retiring Together or Working Alone: The Impact of Spousal Employment and Disability on Retirement Decisions. Center for Retirement Research Working Paper 2001-01. Available online at http://crr.bc.edu/wp-content/uploads/2001/03/wp_2001-01.pdf [Accessed 3 February 2015].CrossRefGoogle Scholar
Jørgensen, T. H. 2012. The value of joint retirement of married couples. Paper presented at the EDGE Jamboree, 8–9 September, University of Munich, Munich, Germany. Available online at http://www.edge-page.net/jamb2012/papers/Joergensen.pdf [Accessed 8 May 2014].Google Scholar
Klevmarken, A. 2010. Vem arbetar efter 65 års ålder? En statistisk analys. SOU 2010:85, Fritzes, Stockholm.Google Scholar
Larson, J. H. and Holman, T. B. 1994. Premarital predictors of marital quality and stability. Family Relations, 43, 2, 228–37.CrossRefGoogle Scholar
Loretto, W. and Vickerstaff, S. 2012. The domestic and gendered context for retirement. Human Relations, 66, 1, 6586.Google Scholar
Mansour, H. and McKinnish, T. 2014. Who marries differently-aged spouses? Ability, education, occupation, earnings, and appearance. Review of Economics and Statistics, 96, 3, 577–80.Google Scholar
Mignot, J.-F. 2010. L’écart d’âge entre conjoints. Revue Française de Sociologie, 51, 2, 281320.Google Scholar
Moen, P., Kim, J. E. and Hofmeister, H. 2001 Couples’ work/retirement transitions, gender, and marital quality. Social Psychology Quarterly, 64, 1, 5571.Google Scholar
Myers, S. M. and Booth, A. 1996. Men's retirement and marital quality. Journal of Family Issues, 17, 3, 336–57.Google Scholar
Nyman, C. 2002. Mine, Yours, Ours? Sharing in Swedish Couples. Doctoral theses at the Department of Sociology, Umeå University, No. 24. Umeå University, Umeå, Sweden.Google Scholar
O'Rand, A. M. and Farkas, J. I. 2002. Couples’ retirement timing in the United States in the 1990s: the impact of market and family role demands on joint work exits. International Journal of Sociology, 32, 2, 1129.CrossRefGoogle Scholar
Pahl, J. 2005. Individualisation in couple finances: who pays for the children? Social Policy and Society, 4, 4, 381–91.Google Scholar
Palme, M. and Svensson, I. 2004. Income security programs and retirement in Sweden. In Gruber, J. and Wise, D. (eds), Social Security and Retirement Around the World: Micro-Estimates. Chicago University Press, Chicago, 579641.Google Scholar
Parry, J. and Taylor, R. F. 2007. Orientation, opportunity and autonomy: why people work after state pension age in three areas of England. Ageing & Society, 27, 4, 579–98.Google Scholar
Pienta, A. M. 2003. Partners in marriage: an analysis of husbands’ and wives’ retirement behavior. Journal of Applied Gerontology, 22, 3, 340–58.Google Scholar
Pienta, A. M. and Hayward, M. D. 2002. Who expects to continue working after age 62? The retirement plans of couples. Journals of Gerontology, 57B, 4, S199208.Google Scholar
Rothstein, B. 2012. The reproduction of gender inequality in Sweden: a causal mechanism approach. Gender, Work and Organization, 19, 3, 324–44.CrossRefGoogle Scholar
Schirle, T. 2008. Why have the labor force participation rates of older men increased since the mid-1990s? Journal of Labor Economics, 26, 4, 549–94.Google Scholar
Smith, D. B. and Moen, P. 1998. Spousal influence on retirement: his, her, and their perceptions. Journal of Marriage and the Family, 60, 3, 734–44.Google Scholar
Statistics Sweden 2009. Longitudinell Integrationsdatabas för Sjukförsäkrings- och Arbetsmarknadsstudier (LISA) 1990–2007. Statistics Sweden, Stockholm.Google Scholar
Statistics Sweden 2010. Statistical Yearbook for Sweden 2010. Statistics Sweden, Stockholm.Google Scholar
Sundén, A. 2006. The Swedish experience with pension reform. Oxford Review of Economic Policy, 22, 1, 133–48.CrossRefGoogle Scholar
Sundsback Halse, B. A. 2008. Tidligpensjonering og verdsetting av partner. MA thesis, Institutt for sociologi og samfunnsgeografi, Universitetet i Oslo, Oslo.Google Scholar
Syse, A., Solem, P. E., Ugreninov, E., Mykletun, R. and Furunes, T. 2014. Do spouses coordinate their work exits? A combined survey and register analysis from Norway. Research on Aging, 36, 5, 625–50.Google Scholar
Szinovacz, M. E. 2002. Couple retirement patterns and retirement age: a comparison of Austria and the United States. International Journal of Sociology, 32, 2, 3054.CrossRefGoogle Scholar
Szinovacz, M. E. and Davey, A. 2004. Honeymoons and joint lunches: effects of retirement and spouse's employment on depressive symptoms. Journals of Gerontology, 59B, 5, P23345.Google Scholar
Szinovacz, M. E. and DeViney, S. 2000. Marital characteristics and retirement decisions. Research on Aging, 22, 5, 470–98.Google Scholar
Thomson, E. and Bernhardt, E. 2010. Education, values, and cohabitation in Sweden. Marriage & Family Review, 46, 1/2, 121.Google Scholar
Wiik, K. A., Bernhardt, E. and Noack, T. 2009. A study of commitment and relationship quality in Sweden and Norway. Journal of Marriage and Family, 71, 3, 465–77.Google Scholar