Expectations and realization of joint retirement among dual-worker couples

Jeong Hwa Ho, James M. Raymo

Research output: Contribution to journalArticle

38 Scopus citations

Abstract

Using data from the first seven waves of the Health and Retirement Study (1992 to 2004), the authors examined the extent to which joint retirement expectations were realized, the role of couple-level agreement in facilitating joint retirement, whether husbands' or wives' expectations were more likely to be realized in cases of disagreement, and factors associated with the realization of expectations. The results indicate that couples expecting joint retirement were over three times more likely to retire jointly than couples in which neither spouse expected to do so. However, the probability of joint retirement did not differ between couples in which both spouses expected to retire jointly and those in which only one spouse expected to do so. Wives' and husbands' expectations were equally strong predictors of joint retirement, and retirement age, health, spouses' relative earnings, and discussions of retirement were related to the likelihood of realizing joint retirement expectations.

Original languageEnglish (US)
Pages (from-to)153-179
Number of pages27
JournalResearch on Aging
Volume31
Issue number2
DOIs
StatePublished - Mar 2009
Externally publishedYes

All Science Journal Classification (ASJC) codes

  • Social Psychology
  • Health(social science)
  • Geriatrics and Gerontology

Keywords

  • Gender
  • Joint retirement
  • Retirement
  • Retirement expectations

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