Table 3 Probit: Marginal effects for having earnings > 25,000 DKK (3400 euro), 2006, 60–64 years old, in retirement program
From: To work, to retire – or both? Labor market activity after 60
All | Men | Women | ||||
|---|---|---|---|---|---|---|
Marg. effect | Z value | Marg. effect | Z value | Marg. effect | Z value | |
Gender | 0.054*** | 34.39 | - | - | - | - |
Married | -0.008*** | -4.70 | 0.022*** | 7.24 | -0.037*** | -18.83 |
Owner | 0.022*** | 14.27 | 0.012*** | 4.26 | 0.025*** | 14.47 |
Other income | -0.334*** | -45.25 | -0.2764*** | -26.80 | -0.611*** | -47.10 |
Pens_contr. | 0.020*** | 13.68 | 0.026*** | 10.27 | 0.016*** | 9.71 |
Own bus. | -0.048*** | -18.72 | -0.061*** | -15.23 | -0.039*** | -11.66 |
U_year_before | 0.028*** | 37.23 | 0.030*** | 22.80 | 0.022*** | 27.75 |
Short educ | 0.017*** | 10.08 | 0.006* | 2.00 | 0.027*** | 14.19 |
Medium educ. | 0.056*** | 20.30 | 0.059*** | 12.44 | 0.071*** | 21.30 |
Long educ. | 0.159*** | 26.64 | 0.138*** | 16.92 | 0.228*** | 22.56 |
60 years | -0.057*** | -27.59 | -0.081*** | -22.44 | -0.028*** | -12.23 |
61 years | -0.045*** | -23.18 | -0.059*** | -17.99 | -0.022*** | -9.74 |
62 years | -0.041*** | -21.59 | -0.057*** | -18.00 | -0.018*** | -7.96 |
63 years | -0.044*** | -23.10 | -0.054*** | -17.18 | -0.027*** | -12.14 |
No. of obs. | 151517 | 72399 | 79118 | |||
R2 | 0.0694 | 0.0431 | 0.1006 | |||