Stephanie J.C. Vermeer
Roland Berger Strategy Consultants
World Trade Center
Strawinskylaan 581, 1077 XX
Amsterdam, The Netherlands
Institutional Affiliation: Roland Berger Strategy Consultants
NBER Working Papers and Publications
|December 2014||Retirement Timing of Women and the Role of Care Responsibilities for Grandchildren|
with Robin L. Lumsdaine: w20756
This paper considers the potential relationship between providing care for grandchildren and retirement, among women nearing retirement age. Using 47,400 person-wave observations from the Health and Retirement Study (HRS), we find the arrival of a new grandchild is associated with a more than eight percent increase in the retirement hazard despite little overall evidence of a care/retirement interaction. We document that while family characteristics seem to be the most important factors driving the care decision, they are also important determinants of retirement. In contrast, while financial incentives such as pensions and retiree health insurance have the largest influence on retirement, the opportunity cost associated with outside income seems to have little effect on whether or not a g...
Published: Robin L. Lumsdaine & Stephanie J. C. Vermeer, 2015. "Retirement Timing of Women and the Role of Care Responsibilities for Grandchildren," Demography, vol 52(2), pages 433-454.