Table 2 Summary statistics
Variable | Mean | Std. Dev. | Min. | Max. |
|---|---|---|---|---|
Retired (d) | 0.120 | 0.325 | 0 | 1 |
TFP change | 1.884 | 0.664 | –0.468 | 4.086 |
Age | 57.440 | 3.694 | 50 | 64 |
Years of education | 12.923 | 3.201 | 0 | 17 |
Health level | 2.464 | 1.049 | 1 | 5 |
Birth year | 1941.4 | 6.051 | 1927 | 1960 |
Race: Black (d) | 0.122 | 0.328 | 0 | 1 |
Race: Hispanic (d) | 0.103 | 0.304 | 0 | 1 |
Foreign born (d) | 0.109 | 0.312 | 0 | 1 |
Married (d) | 0.828 | 0.377 | 0 | 1 |
Spouse working (d) | 0.529 | 0.499 | 0 | 1 |
Private health insurance (d) | 0.796 | 0.403 | 0 | 1 |
Government health insurance (d) | 0.066 | 0.249 | 0 | 1 |
Net wealth (deflated, in $100,000s) | 0.040 | 0.066 | –0.045 | 2.548 |
Pension plan or pension income (d) | 0.599 | 0.490 | 0 | 1 |
Sector experience | 36.989 | 8.379 | 0 | 51 |
Training (d) | 0.155 | 0.362 | 0 | 1 |
Residence: Midwest (d) | 0.259 | 0.438 | 0 | 1 |
Residence: South (d) | 0.402 | 0.490 | 0 | 1 |
Residence: West (d) | 0.182 | 0.386 | 0 | 1 |
Occupation: Managers and professionals (d) | 0.336 | 0.472 | 0 | 1 |
Occupation: Clerical and sales (d) | 0.142 | 0.349 | 0 | 1 |
Occupation: Services (d) | 0.066 | 0.249 | 0 | 1 |
Occupation: Farming, forestry, and fishing (d) | 0.043 | 0.202 | 0 | 1 |
Occupation: Mechanics, constructors, operators (d) | 0.395 | 0.489 | 0 | 1 |
Occupation: Armed forces (d) | 0.019 | 0.136 | 0 | 1 |
Sector: Agriculture, forestry, fishing (d) | 0.043 | 0.203 | 0 | 1 |
Sector: Mining and Construction (d) | 0.109 | 0.312 | 0 | 1 |
Sector: Manufacturing Non-durable (d) | 0.090 | 0.286 | 0 | 1 |
Sector: Manufacturing Durable (d) | 0.168 | 0.374 | 0 | 1 |
Sector: Transportation (d) | 0.105 | 0.307 | 0 | 1 |
Sector: Wholesale (d) | 0.053 | 0.225 | 0 | 1 |
Sector: Retail (d) | 0.081 | 0.272 | 0 | 1 |
Sector: Finance, Insurance, and Real Estate (d) | 0.049 | 0.215 | 0 | 1 |
Sector: Business and Repair Services (d) | 0.055 | 0.228 | 0 | 1 |
Sector: Personal services (d) | 0.017 | 0.129 | 0 | 1 |
Sector: Entertainment and recreation (d) | 0.009 | 0.096 | 0 | 1 |
Sector: Professional and related services (d) | 0.144 | 0.351 | 0 | 1 |
Sector: Public Administration (d) | 0.077 | 0.267 | 0 | 1 |
TFP change (last 5 years) | 0.134 | 0.125 | –0.126 | 0.602 |
Mean TFP change | 0.051 | 0.018 | 0.005 | 0.136 |
Mean aggregate TFP change | 0.050 | 0.012 | 0.009 | 0.137 |
Mean sector-specific TFP change | 0.001 | 0.013 | –0.021 | 0.035 |
Value added per worker change | 1.153 | 1.375 | –0.48 | 6.591 |