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Data from the University of Michigan's Panel Study of Income Dynamics were used to investigate married women's retirement decisions. Results are presented from a methodological comparison of parameter estimates derived under both single- and multiple-equation frameworks using logit analyses. This study finds that: the married woman's decision is influenced significantly by her own wage wealth, Social Security wealth, pension wealth, and age, and it is significantly influenced by her spouse's wage wealth and his labor force status.
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Wendy Campione (1987) studied this question.
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