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Table 10 Auxiliary estimations

From: Money also is sunny in a retiree’s world: financial incentives and work after retirement

  Women Men
Observations 30,784 44,887       
Censored observations 24,511 35,338       
Uncensored observations 6273 9549       
Log likelihood − 11,791 − 19,581       
χ2 (9) 7545.47 7300.83       
Prob > χ2: 0.2424 0.000       
  Labour force participation Log wage Labour force participation Log wage
Coef. SE Coef. SE
Constant 1.292** 0.176 − 0.637** 0.201 1.186** 0.0171 − 1.320** 0.211
No degree Ref. Ref. Ref. Ref. Ref. Ref. Ref. Ref.
Vocational training 0.227** 0.027 0.231** 0.041 0.378** 0.028 0.231** 0.043
University degree 0.043 0.049 0.351** 0.062 0.149** 0.034 0.566** 0.046
Manufacturing occupations Ref. Ref. Ref. Ref. Ref. Ref. Ref. Ref.
Service occupations 0.228** 0.029 0.261** 0.046 0.253** 0.018 0.223** 0.029
Administrative occupations 0.096** 0.028 0.239** 0.037 0.073** 0.018 0.198** 0.023
Acc. labor market gaps until 65 in months − 0.033** 0.0006 − 0.035** 0.004 − 0.031** 0.0005 − 0.022** 0.002
Pension entitlements (log) − 0.275** 0.025    − 0.494** 0.024   
Lambda    1.205** 0.157    0.705** 0.084
Hausman test
 Chi2 (8) 57.73 69.00
 Prob > chi2: 0.0000 0.0000
  1. In both equations, year of employment exit prior to the age of 65 is controlled for. SE: standard error. Data: SIAB 7514
  2. *p < 0.05
  3. **p < 0.01