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Table 6 Desired working hours, workers

From: Retirement rigidities and the gap between effective and desired labour supply by older workers

 

Age 55–70

Age 50–70

All

Men

All

Men

Male

1.589**

 

1.680***

 

(0.775)

 

(0.454)

 

Hours worked

0.434***

0.438***

0.490***

0.446***

(0.044)

(0.056)

(0.031)

(0.040)

Wage

− 0.018

− 0.043

− 0.013

− 0.027

(0.047)

(0.047)

(0.029)

(0.030)

Age 56–60

  

0.674

0.589

  

(0.435)

(0.499)

Age 61–65

− 0.018

0.405

0.374

0.871

(0.643)

(0.770)

(0.633)

(0.742)

Age 66–70

− 0.205

− 0.853

0.468

− 0.395

(1.460)

(1.751)

(1.328)

(1.613)

Medium educ.

1.273

0.360

1.266**

0.719

(0.818)

(0.973)

(0.526)

(0.608)

High educ.

− 1.544*

− 0.712

− 1.480***

− 0.780

(0.867)

(1.023)

(0.571)

(0.656)

Self-employed

− 0.310

− 0.648

− 0.534

− 0.647

(0.784)

(0.844)

(0.543)

(0.612)

Private sector

1.536**

1.914**

1.329***

1.449***

(0.700)

(0.776)

(0.410)

(0.471)

Net wealth

1.289

2.410*

0.224

0.588

(1.359)

(1.424)

(1.037)

(1.250)

Married/cohab.

1.747**

2.150**

0.554

1.175*

(0.734)

(0.895)

(0.468)

(0.639)

No. children (in/out)

0.136

0.165

0.046

0.060

(0.231)

(0.251)

(0.117)

(0.135)

South

− 1.747**

− 2.271***

− 0.497

− 0.737

(0.761)

(0.826)

(0.462)

(0.530)

Center

− 1.484**

− 1.448*

− 0.349

− 0.050

(0.690)

(0.755)

(0.446)

(0.514)

Constant

17.364***

18.371***

15.156***

17.967***

(1.752)

(2.331)

(1.102)

(1.620)

  1. Notes: Observations: 527 aged 55–70 (399 men); 1186 aged 50–70 (848 men). Estimated coefficients are reported. Standard errors (in round brackets) are robust to heteroskedasticity. Dependent variable: desired working hours
  2. p < 0.1; p < 0.05; p < 0.01