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Table 3 Estimation results two-limit tobit models with random effects: probabilities of delays in eligibility to AOW benefits and average retirement age

From: The future of retirement and the pension system: How the public’s expectations vary over time and across socio-economic groups

  Eligibility to AOW General retirement age
  Later At least 2 yrs later Later At least 2 yrs later
Male 1.080 −5.126*** −0.031 −5.178***
  (0.961) (−4.738) (−0.031) (−5.286)
Partner 2.787*** 2.486** 2.911*** 2.516***
  (2.717) (2.490) (3.207) (2.812)
Age −1.149*** −0.996*** −0.199 −0.288
  (−5.422) (−4.861) (−1.062) (−1.569)
Age-sqr./100 0.901*** 0.938*** 0.069 0.299*
  (4.475) (4.820) (0.389) (1.715)
Log. net-inc. 2.252*** 1.619** 1.730*** 1.686***
  (3.464) (2.529) (3.022) (2.964)
Inc. = 0 13.845*** 10.923** 12.917*** 12.261***
  (3.152) (2.515) (3.340) (3.179)
Unk. Inc. 16.189*** 13.261*** 13.122*** 14.282***
  (3.125) (2.588) (2.873) (3.140)
Educ. Med. 4.218*** −0.146 3.655*** 0.189
  (3.505) (−0.125) (3.402) (0.180)
Educ. High 5.262*** −1.509 4.895*** −2.066*
  (4.282) (−1.274) (4.455) (−1.930)
Self-employed 0.414 3.228** 0.119 2.277
  (0.248) (1.980) (0.081) (1.570)
Retired 4.886*** 1.653 1.627 −0.162
  (3.989) (1.390) (1.532) (−0.154)
Disabled −0.103 1.429 −3.742** −0.904
  (−0.058) (0.812) (−2.377) (−0.577)
Homemaker 1.392 −1.191 −2.181 −2.414*
  (0.917) (−0.799) (−1.631) (−1.817)
Unemployed 3.103* 1.723 2.483 2.987*
  (1.738) (0.971) (1.599) (1.915)
Public sector 0.321 0.790 0.078 0.357
  (0.317) (0.797) (0.087) (0.403)
Homeowner 2.034** 1.276 1.215 0.515
  (2.043) (1.310) (1.371) (0.590)
In 20 years 3.864*** 8.733*** 2.429*** 6.135***
  (11.851) (26.768) (8.556) (21.539)
Constant 74.730*** 65.060*** 57.091*** 47.996***
  (10.703) (9.577) (9.249) (7.904)
Num. Ind. 3,807 3,806 3,810 3,810
Num. Obs. 36,646 36,611 36,653 36,640
ρ 0.479 0.434 0.488 0.454
σ α 26.504 25.299 24.131 23.261
σ ε 27.641 28.840 24.731 25.502
  1. Dummies for each but the initial time period were included, but are not reported.
  2. t-values in parentheses.
  3. Stars denote significance: * 10% level, ** 5% level, *** 1% level.