Nivel formativo, ocio complementario y participación laboral de las parejas de mayor edad en España
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Universidad de Valladolid
info
ISSN: 2254-3295
Year of publication: 2016
Issue: 126
Pages: 15-30
Type: Article
More publications in: Revista del Ministerio de Empleo y Seguridad Social: Revista del Ministerio de Trabajo, Migraciones y Seguridad Social
Abstract
After a lengthy period during which participation rates of older males (55-64 year-old males) in most OECD countries (including Spain) were showing a negative trend, there has been a signifícant increase in labour market participation since the mid-late nineties. Moreover, some previous research works have provided evidence of the importance of the so-called ‘complementarity’ or ‘shared leisure’ effect, on the one hand, and of formal education, on the other, to explain this phenomenon. Specifically, it has been estimated that the likelihood of a Spanish older man participating in the labour market increases, ceteris paribus, by between 11 and 17 percentage points if their spouse is active rather than inactive. In addition to this effect, male academic attainment proves to be the most important feature vis-á-vis impacting participation likelihood. Indeed, compared to having no qualifications, holding a university degree increases said probability by 23 percentage points and by over 30 percentage points in the case of a postgraduate qualification. Thus, the main objective of this research is to analyze some possible interactions between the two previously mentioned phenomena, studying how different educational attainment of the members of the couple may affect the intensity of the shared leisure effect. The interaction between the educational level of the members of the couple and their retirement joint decisions is an issue that has not received much attention in the economic literature and, to even a lesser extent, in the case of older couples.
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