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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