| |
(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
|
- 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
