The Influence of Household Pension Wealth, Partner’s Health and Spousal Employment Status on Heterogeneous Early Retirement Transitions among Women in England

Abstract

Continued employment in later life is important for economic well-being and health, and is a key policy issue. However, existing models of the determinants of extended working life do not provide a detailed account of coupled women’s early retirement patterns in the United Kingdom. This article uses data from the English Longitudinal Study of Ageing to show that partnered women aged between 50 and 59 do not adjust the timing of their labour force exit according to the level of pension wealth the couple has accrued. A retired or inactive spouse, caring obligations and poor health accelerate employment exit. Moreover, the odds of an involuntary exit from the labour force, where women have limited control or choice over the timing, are higher for women in lower pension wealth households than those in high wealth families, and among women with inactive rather than retired partners.