| |
(1)
|
(2)
|
(3)
|
|---|
|
Dep. var.: Retired
|
Benchmark
|
W/o sector switch
|
W/o occup. switch
|
|---|
|
TFP growth
|
0.075 ∗∗∗
|
0.256 ∗∗∗
|
0.125 ∗∗∗
|
| |
(0.010)
|
(0.029)
|
(0.015)
|
|
TFP growth squared
|
–0.015 ∗∗∗
|
–0.036 ∗∗∗
|
–0.021 ∗∗∗
|
| |
(0.002)
|
(0.004)
|
(0.003)
|
|
Married (d)
|
0.009 ∗∗
|
0.014 ∗∗∗
|
0.011 ∗∗∗
|
| |
(0.004)
|
(0.004)
|
(0.004)
|
|
Spouse working (d)
|
–0.042 ∗∗∗
|
–0.043 ∗∗∗
|
–0.043 ∗∗∗
|
| |
(0.004)
|
(0.004)
|
(0.004)
|
|
Emp. health ins. (d)
|
–0.001
|
–0.001
|
–0.000
|
| |
(0.005)
|
(0.006)
|
(0.006)
|
|
Gov. health ins. (d)
|
0.127 ∗∗∗
|
0.129 ∗∗∗
|
0.131 ∗∗∗
|
| |
(0.013)
|
(0.014)
|
(0.013)
|
|
Wealth
|
0.062 ∗∗∗
|
0.077 ∗∗∗
|
0.104 ∗∗∗
|
| |
(0.023)
|
(0.028)
|
(0.028)
|
|
Pension (d)
|
–0.079 ∗∗∗
|
–0.091 ∗∗∗
|
–0.092 ∗∗∗
|
| |
(0.009)
|
(0.010)
|
(0.010)
|
|
Very good health (d)
|
0.014 ∗∗∗
|
0.015 ∗∗∗
|
0.017 ∗∗∗
|
| |
(0.005)
|
(0.005)
|
(0.005)
|
|
Good health (d)
|
0.026 ∗∗∗
|
0.026 ∗∗∗
|
0.027 ∗∗∗
|
| |
(0.005)
|
(0.006)
|
(0.006)
|
|
Fair health (d)
|
0.076 ∗∗∗
|
0.079 ∗∗∗
|
0.080 ∗∗∗
|
| |
(0.010)
|
(0.011)
|
(0.011)
|
|
Poor health (d)
|
0.279 ∗∗∗
|
0.295 ∗∗∗
|
0.290 ∗∗∗
|
| |
(0.026)
|
(0.026)
|
(0.028)
|
|
Pseudo R-squared
|
0.239
|
0.254
|
0.249
|
|
Observations
|
21,856
|
19,404
|
19,638
|
- Notes: All models include race, foreign-born, geographical, education, occupation, age, cohort, and sector 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-wave level. All models report the marginal effects of logit regressions
