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 |