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Table 18 Heterogeneity by sector experience

From: A new look at technical progress and early retirement

  (1) (2) (3) (4)
Dep. var.: Retired Benchmark Quartiles Short exp. Long exp.
TFP growth 0.075*** 0.050*** 0.026*** 0.097***
  (0.010) (0.009) (0.009) (0.034)
TFP growth squared –0.015*** –0.009*** –0.004 –0.012**
  (0.002) (0.002) (0.003) (0.006)
Sector experience –0.001***    
  (0.000)    
Sect. exp. 2nd q (d)   0.015** 0.010***  
   (0.006) (0.004)  
Sect. exp. 3rd q (d)   –0.008   
   (0.006)   
Sect. exp. 4th q (d)   –0.031***   –0.055***
   (0.006)   (0.009)
Married (d) 0.009** 0.010*** 0.005 0.016**
  (0.004) (0.004) (0.004) (0.007)
Spouse working (d) –0.042*** –0.041*** –0.022*** –0.064***
  (0.004) (0.004) (0.004) (0.006)
Emp. health ins. (d) –0.001 –0.001 –0.003 0.001
  (0.005) (0.005) (0.004) (0.009)
Gov. health ins. (d) 0.127*** 0.127*** 0.122*** 0.131***
  (0.013) (0.013) (0.018) (0.019)
Wealth 0.062*** 0.054** 0.047** 0.053
  (0.023) (0.023) (0.022) (0.043)
Pension (d) –0.079*** –0.078*** –0.063*** –0.097***
  (0.009) (0.009) (0.009) (0.012)
Bad health 2/5 (d) 0.014*** 0.014*** 0.017*** 0.011
  (0.005) (0.005) (0.006) (0.009)
Bad health 3/5 (d) 0.026*** 0.025*** 0.025*** 0.026***
  (0.005) (0.005) (0.007) (0.008)
Bad health 4/5 (d) 0.076*** 0.075*** 0.086*** 0.067***
  (0.010) (0.010) (0.014) (0.013)
Bad health 5/5 (d) 0.279*** 0.276*** 0.290*** 0.262***
  (0.026) (0.027) (0.036) (0.038)
Pseudo R-squared 0.239 0.244 0.270 0.220
Observations 21856 21856 10925 10684
  1. Notes: All models include race, foreign-born, geographical, education, occupation, age, cohort, and sector dummies, as well as a control for the unemployment rate in the survey year. 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