| |
(1)
|
(2)
|
(3)
|
|---|
|
Dep. var.: Retired
|
Benchmark FE
|
End of educ.
|
21 years old
|
|---|
|
TFP growth
|
0.464 ∗∗∗
| | |
| |
(0.097)
| | |
|
TFP growth squared
|
–0.033 ∗
| | |
| |
(0.017)
| | |
|
TFP growth (from end of educ.)
| |
0.529 ∗∗
| |
| | |
(0.175)
| |
|
TFP growth (from end of educ.) sq
| |
–0.048
| |
| | |
(0.032)
| |
|
TFP growth (from 21 yo)
| | |
0.711 ∗∗∗
|
| | | |
(0.162)
|
|
TFP growth (from 21 yo) squared
| | |
–0.090 ∗∗
|
| | | |
(0.032)
|
|
Married
|
0.014
|
0.017
|
0.014
|
| |
(0.011)
|
(0.012)
|
(0.011)
|
|
Spouse working
|
–0.106 ∗∗∗
|
–0.107 ∗∗∗
|
–0.107 ∗∗∗
|
| |
(0.009)
|
(0.009)
|
(0.009)
|
|
Emp. health ins.
|
–0.092 ∗∗∗
|
–0.091 ∗∗∗
|
–0.092 ∗∗∗
|
| |
(0.021)
|
(0.021)
|
(0.021)
|
|
Gov. health ins.
|
0.195 ∗∗∗
|
0.192 ∗∗∗
|
0.195 ∗∗∗
|
| |
(0.033)
|
(0.032)
|
(0.033)
|
|
Wealth
|
0.258 ∗∗
|
0.253 ∗∗
|
0.261 ∗∗
|
| |
(0.111)
|
(0.112)
|
(0.111)
|
|
Pension
|
–0.210 ∗∗∗
|
–0.210 ∗∗∗
|
–0.210 ∗∗∗
|
| |
(0.022)
|
(0.022)
|
(0.022)
|
|
Very good health (d)
|
0.013 ∗∗
|
0.013 ∗∗
|
0.013 ∗∗
|
| |
(0.005)
|
(0.005)
|
(0.005)
|
|
Good health (d)
|
0.031 ∗∗∗
|
0.031 ∗∗∗
|
0.031 ∗∗∗
|
| |
(0.010)
|
(0.009)
|
(0.010)
|
|
Fair health (d)
|
0.087 ∗∗∗
|
0.090 ∗∗∗
|
0.087 ∗∗∗
|
| |
(0.012)
|
(0.012)
|
(0.012)
|
|
Poor health (d)
|
0.258 ∗∗∗
|
0.273 ∗∗∗
|
0.257 ∗∗∗
|
| |
(0.020)
|
(0.020)
|
(0.020)
|
|
R-squared
|
0.558
|
0.547
|
0.558
|
|
Observations
|
21,856
|
21,183
|
21,856
|
- Notes: All models include individual fixed effects and geographical dummies, as well as controls for the unemployment rate in the survey year and the sector experience. 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 level. The lower number of observations in column (2) is due to a few individuals in our sample that end their education before 1948, that is, before the year from which we are able to compute the TFP growth rates
