Laura Hospido

  • Current position:
    Economist, Banco de España
  • Research interest:
    Microeconometrics and empirical labor economics
  • Website:
  • Affiliations:
    Banco de España, Spain, and IZA, Germany
  • Qualifications:
    PhD Economics, Centro de Estudios Monetarios y Financieros (CEMFI) and Universidade de Santiago de Compostela, 2007
  • Personal statement about IZA World of Labor:
    IZA World of Labor represents a terrific step forward for connecting academia and policy making by providing comprehensive, reliable, and up-to-date research information in labor economics worldwide. I am glad of being part of this ambitious initiative
  • Selected publications:
    • “Wage dynamics in the presence of unobserved individual and job heterogeneity.” Labour Economics 33 (2015): 81–93.
    • “Retirement patterns of couples in Europe.” IZA Journal of European Labor Studies 3:12 (2014) (with G. Zamarro).
    • “Earnings inequality in Spain: New evidence using tax data.” Applied Economics 45:30 (2013): 4212–4225 (with S. Bonhomme).
    • “Estimating nonlinear models with multiple fixed effects: A computational note.” Oxford Bulletin of Economics and Statistics 74 (2012): 760–775
    • “Modelling heterogeneity and dynamics in the volatility of individual wages.” Journal of Applied Econometrics 27 (2012): 386–414.
  • Articles

Pension reform and couples’ joint retirement decisions

The success of policies raising the retirement age depends on people’s responsiveness to changes in pension eligibility

April 2015

10.15185/izawol.142 142

by Laura Hospido Hospido, L

Rising life expectancy and the growing fiscal insolvency of public pension systems have prompted many developed countries to raise the pension entitlement age. The success of such policies depends on the responsiveness of individuals to such changes. Retirement has increasingly become a decision made jointly by a couple rather than individually by one partner. The empirical evidence indicates that almost a third of dual-earner couples in Europe and the US coordinate their retirement decision despite age differences between partners. This joint determination of retirement has important implications for policies intended to reduce the burden of pension costs.