transitions among labour force states defined by the employment status of both spouses. The analysis indicates that the … probability of one spouse exiting employment is much larger if the other spouse is not employed than if the other spouse is … employed. Similarly, one member of a couple is much more likely to enter employment if the spouse is employed than if the …

such as the social security wealth. Then, we use three different incentive measures based on the notion of social security … wealth. In a third step, we perform an empirical estimation of micro-econometric probit and option value models. From our … exceptionally rich and broad database, we are able to compute a rather accurate measure of all individuals’ pension wealth, as well …