Retirement patterns of couples in Europe

IZA Journal of European Labor Studies

Table 5 Probit estimates

Probability of leaving the labor force	Men	Women
Age >early	0.056*	-0.002
	(0.030)	(0.028)
Age >full	0.284***	0.162***
	(0.058)	(0.060)
Partner age >early	0.008	-0.001
	(0.029)	(0.026)
Partner age >full	-0.104**	0.036
	(0.034)	(0.042)
Age	0.059***	0.055***
	(0.005)	(0.004)
Age difference <0	0.079**	-0.033
	(0.037)	(0.032)
0 ≤Age difference <1	0.097***	-0.002
	(0.037)	(0.033)
1 ≤Age difference <2	0.096***	0.022
	(0.033)	(0.032)
2 ≤Age difference <4	0.062**	-0.029
	(0.028)	(0.026)
High education	-0.062**	-0.032
	(0.025)	(0.024)
Medium education	0.010	0.010
	(0.022)	(0.022)
Partner high education	-0.052**	0.022
	(0.025)	(0.027)
Partner medium education	-0.028	0.021
	(0.022)	(0.022)
Having children	-0.072*	0.029
	(0.044)	(0.037)
Having grandchild	0.086***	0.054***
	(0.019)	(0.018)
Bad health previous wave	0.024	0.091***
	(0.028)	(0.027)
Partner bad health previous wave	0.008	0.050*
	(0.025)	(0.027)
Pseudo R²	0.303	0.267

Notes: N. obs=3,058. Age difference measured as husband age minus wife age. All specifications include country and wave dummies. Standard errors clustered at the individual level in parentheses. Significant at *10%, ** 5%, *** 1%.