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Table 5 Robustness on measures of technical change with exogenous entry

From: A new look at technical progress and early retirement

  (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
  1. 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