Table 4 Probit: Marginal effects for staying in the labor force from 2007 to 2008, 60–64 years old
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 | 0.017*** | 5.58 | ||||
Married | -0.022*** | -7.02 | 0.004 | 0.84 | -0.049*** | -11.13 |
Owner | 0.013*** | 4.35 | 0.001 | 0.27 | 0.023*** | 5.32 |
Other income | -0.059*** | -10.22 | -0.044*** | -7.44 | -0.222*** | -11.60 |
Pens_contr. | 0.011*** | 4.23 | 0.007*** | 2.12 | 0.019*** | 4.49 |
Short educ | 0.004 | 1.20 | 0.003 | 0.74 | 0.005 | 1.03 |
Medium educ. | -0.012*** | -2.52 | -0.002 | -0.31 | -0.020*** | -2.80 |
Long educ. | 0.071*** | 11.98 | 0.071*** | 9.69 | 0.073*** | 7.05 |
Occup1 | 0.028*** | 4.18 | 0.035*** | 4.63 | -0.001 | -0.03 |
Occup2 | 0.037*** | 7.38 | 0.057*** | 9.06 | -0.006 | -0.66 |
Occup3 | 0.025*** | 5.76 | 0.029*** | 5.09 | 0.008 | 1.10 |
Occup4 | 0.010** | 1.87 | 0.016** | 1.75 | -0.013** | -1.80 |
Occup5 | 0.030*** | 5.46 | 0.032*** | 3.42 | 0.009 | 1.24 |
Occup6 | -0.109*** | -5.34 | -0.097*** | -4.60 | -0.152*** | -2.14 |
Occup7 | -0.074*** | -12.41 | -0.061*** | -9.73 | -0.107*** | -3.72 |
Occup8 | -0.060*** | -9.16 | -0.042 *** | -5.97 | -0.134*** | -7.52 |
Occup 9 | -0.013** | -2.20 | -0.010 | -1.38 | -0.023*** | -2.32 |
No. of obs. | 101828 | 60269 | 41559 | |||
R2 | 0.0164 | 0.0191 | 0.0176 | |||