TITLE:
An Empirical Analysis of Retirement and Marriage in Taiwan
AUTHORS:
Wen-Shai Hung
KEYWORDS:
Divorce; Separation; Weibull Model; Unobserved Heterogeneity
JOURNAL NAME:
Theoretical Economics Letters,
Vol.3 No.5C,
September
24,
2013
ABSTRACT:
This paper investigates the factors
influencing changes in marriage following retirement in Taiwan. The data used are
from the Survey of
Health and Living Status of the Middle Aged Elderly in Taiwan. The Weibull
models are used to estimate the hazard rates of divorce or separation after retirement. The factors of unobserved
heterogeneity are also examined for the influences of divorce or separation after retirement. The main empirical
results find that Mainlanders, Aboriginals, people with better educational
attainments, people with poor health or poor relationship with family have higher
hazard rates of divorce or separation than others. In contrast, people with more children and persons with higher income
have lower hazard rates of divorce or separation than others. After
considering unobserved heterogeneity, most estimated coefficients on the
marriage hazard regressors are larger in magnitude than the corresponding
coefficients in the reference model.