Table 8 Sample characteristics
From: Money also is sunny in a retiree’s world: financial incentives and work after retirement
Work beyond retirement | ||||||
|---|---|---|---|---|---|---|
Women | Men | |||||
No | Yes | Diff. | No | Yes | Diff. | |
Employee characteristics prior to retirement | ||||||
Pension entitlements | 790.119 (314.7) | 696.246 (278.6) | 93.872** (4.354) | 1283.311 (414.2) | 1183.442 (355.01) | 99.869** (4.641) |
Estimated earnings (log) | − 0.016 (0.982) | 1.082 (0.593) | 1.098** (0.013) | 1.236 (0.618) | 1.710 (0.498) | 0.474** (0.007) |
Observed earnings (log) | 2.352 (0.721) | 2.520 (0.887) | ||||
Share of unemployment bridge path | 0.258 (0.438) | 0.159 (0.365) | 0.099** (0.006) | 0.409 (0.492) | 0.250 (0.433) | 0.160** (0.006) |
Share of partial retirement bridge path | 0.136 (0.342) | 0.045 (0.207) | 0.091** (0.005) | 0.223 (0.416) | 0.109 (0.312) | 0.114** (0.005) |
Manufacturing occupations | 0.175 (0.380) | 0.143 (0.350) | 0.033** (0.006) | 0.550 (0.498) | 0.468 (0.499) | 0.082** (0.006) |
Service occupations | 0.308 (0.462) | 0.356 (0.479) | 0.048** (0.007) | 0.188 (0.390) | 0.289 (0.453) | 0.101** (0.005) |
Administrative occupations | 0.517 (0.500) | 0.502 (0.500) | 0.015* (0.007) | 0.262 (0.440) | 0.244 (0.429) | 0.019** (0.005) |
Accumulated labor market gaps prior to age 65 in months | 32.777 (25.380) | 4.309 (13.736) | 28.468** (0.332) | 19.575 (22.322) | 3.438 (11.382) | 16.137** (0.236) |
Characteristics of last employer prior to retirement | ||||||
Firm size | 681.909 (2400.6) | 366.367 (1549.8) | 315.5* (31.885) | 1788.5 (5732.3) | 952.760 (4163.6) | 835.7** (62.703) |
Mean imputed earnings of all full-time employees | 89.652 (33.863) | 80.465 (32.472) | 9.188** (0.475) | 108.250 (44.180) | 96.706 (38.056) | 12.54** (0.495) |
Share of highly qualified employees | 0.116 (0.162) | 0.088 (0.145) | 0.029** (0.002) | 0.131 (0.161) | 0.098 (0.144) | 0.033** (0.002) |
Share of employees in partial retirement | 0.015 (0.038) | 0.008 (0.028) | 0.007** (0.0005) | 0.022 (0.045) | 0.015 (0.043) | 0.007** (0.0005) |
Share of employees aged of 55 to 59 | 0.133 (0.135) | 0.120 (0.134) | 0.012** (0.002) | 0.121 (0.110) | 0.113 (0.110) | 0.008** (0.001) |
Share of employees aged of 60 to 64 | 0.059 (0.105) | 0.083 (0.137) | 0.024** (0.002) | 0.057 (0.098) | 0.077 (0.123) | 0.020** (0.001) |
Share of employees aged 65 and older | 0.012 (0.039) | 0.032 (0.081) | 0.020 (0.0007) | 0.009 (0.036) | 0.028 (0.078) | 0.020** (0.0005) |
N | 24,511 | 6273 | 30,784 | 35,338 | 9549 | 44,887 |