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Table 15 Heterogeneity by cohort

From: A new look at technical progress and early retirement

 

(1)

(2)

(3)

Dep. var.: Retired

Benchmark

Pre-war cohort

Post-war cohort

TFP growth

0.075

0.084

0.070

 

(0.010)

(0.018)

(0.011)

TFP growth squared

–0.015

–0.018

–0.013

 

(0.002)

(0.003)

(0.003)

Married (d)

0.009

0.006

0.012

 

(0.004)

(0.008)

(0.004)

Spouse working (d)

–0.042

–0.053

–0.033

 

(0.004)

(0.006)

(0.005)

Emp. health ins. (d)

–0.001

–0.008

0.005

 

(0.005)

(0.010)

(0.005)

Gov. health ins. (d)

0.127

0.155

0.105

 

(0.013)

(0.019)

(0.017)

Wealth

0.062

0.037

0.059

 

(0.023)

(0.040)

(0.018)

Pension (d)

–0.079

–0.093

–0.067

 

(0.009)

(0.017)

(0.006)

Very good health (d)

0.014

0.011

0.019

 

(0.005)

(0.008)

(0.006)

Good health (d)

0.026

0.025

0.028

 

(0.005)

(0.008)

(0.007)

Fair health (d)

0.076

0.092

0.065

 

(0.010)

(0.014)

(0.013)

Poor health (d)

0.279

0.325

0.237

 

(0.026)

(0.041)

(0.035)

Pseudo R-squared

0.239

0.229

0.240

Observations

21,856

11,088

10,768

  1. Notes: All models include race, foreign-born, geographical, education, occupation, age, cohort, and sector dummies, as well as controls for the unemployment rate in the survey year and the sector experience. Statistical significance is represented by * for p<0.10, ** for p<0.05, and *** for p<0.01. Standard errors are clustered at the sector-wave level. All models report the marginal effects of logit regressions