
Probability of benefits ceasing

Discounting horizon (years)

Mean benefits (dollars)

Mean VR cost (dollars)



Women

Treatment Group

0.373

18

7,908

5,783

Comparison Group

0.278

18

8,994

0


Men

Treatment Group

0.412

18

7,567

6,376

Comparison Group

0.373

18

8,110

0

 Notes: The probability of ceasing benefits is the mean for the comparison group; for the treatment group the probability of ceasing benefits is computed as the mean for the comparison group plus the IPW estimate of the ATET in Tables 7 and 8 based on the sample that restricts the propensity score to [0.001, 0.40] for men and [0.001, 0.35] for women. The discounting horizon is computed as the retirement age (65) minus the average age that benefits cease for the comparison group (47). Payroll tax contributions to the CPP are based on the average preCPPD earnings multiplied by 0.099, which is the contribution rate since 2003.