Bo E. Honoré: all content

    Showing 1 – 11 of 11 results

    Working paper graphic

    A new model for interdependent durations with an application to joint retirement

    Working Paper

    This paper introduces a bivariate version of the generalized accelerated failure time model. It allows for simultaneity in the econometric sense that the two realized outcomes depend structurally on each other. Another feature of the proposed model is that it will generate equal durations with positive probability. The motivating example is retirement decisions by married couples. In that example it seems reasonable to allow for the possibility that each partner's optimal retirement time depends on the retirement time of the spouse.

    17 February 2016

    Working paper graphic

    Interdependent durations in joint retirement

    Working Paper

    This paper introduces a bivariate version of the generalized accelerated failure time model. It allows for simultaneity in the econometric sense that the two realized outcomes depend structurally on each other.

    6 March 2014