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Table 4 Robustness on different measures of technical change

From: A new look at technical progress and early retirement

  (1) (2) (3) (4) (5)
Dep. var.: Retired Benchmark 5-years Mean growth Mean Sect. & Aggr. VA/workers
TFP growth 0.075***     
  (0.010)     
TFP growth squared –0.015***     
  (0.002)     
TFP growth (last 5 years)   0.126    
   (0.078)    
TFP growth (last 5 years) sq   –0.186    
   (0.187)    
Mean TFP growth    5.309***   
    (0.674)   
Mean TFP growth sq    –36.559***   
    (4.636)   
Mean sector-specific TFP growth     1.188**  
     (0.551)  
Mean sector-specific TFP growth sq     –12.756  
     (16.159)  
Mean aggregate TFP growth     9.052***  
     (1.079)  
Mean aggregate TFP growth sq     –60.109***  
     (7.797)  
VA per worker growth      0.034***
      (0.010)
VA per worker growth sq      –0.007***
      (0.002)
Pseudo R-squared 0.239 0.238 0.244 0.249 0.238
Observations 21,856 21,856 21,853 21,853 21,856
  1. Notes: All models have the same specification of column (1) in Table 3 except for the measure of technical change. 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. Column (3) and column (4) report 21,853 observations because three observations correspond to a nil sector experience. Mean TFP changes are winsorized at the 1-st and 99-th percentiles