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IZA Journal of European Labor Studies

Table 6 Robustness checks: restricted sample; 1987–2002; coefficients

From: Business cycle and spillover effects on pre-retirement behavior in Spain

 

Disability

Unemployment

Inactivity

Year Contributed=15

0.285

0.0790

−0.072

 

(0.221)

(0.082)

(0.140)

Year Contributed=15*Post1997

−1.633

−0.222

−0.096

 

(1.037)

(0.308)

(0.374)

15<Year Contributed≤25

0.190

−0.155***

−0.096

 

(0.124)

(0.058)

(0.069)

15<Year Contributed≤25*Post1997

−0.610***

−0.407*

0.148

 

(0.228)

(0.218)

(0.133)

25<Year Contributed<35

−0.129

0.246***

−0.320***

 

(0.137)

(0.083)

(0.0931)

25<Year Contributed<35*Post1997

0.0744

−1.861***

0.551***

 

(0.215)

(0.225)

(0.142)

Year Contributed≥35

−0.703***

−0.604***

−0.181

 

(0.225)

(0.213)

(0.169)

UnemRateCCAA

0.0095

0.063***

0.041***

 

(0.006)

(0.006)

(0.004)

UnemRateSector

0.010

1.97***

−0.036***

 

(0.013)

(0.06)

(0.008)

GDP Growth

−0.0616**

−0.275***

−0.388***

 

(0.027)

(0.011)

(0.025)

Observations

4,627,689

4,627,689

4,627,689

Log-Likelihood

−64053.78

  
  1. Standard errors in parentheses. *** p<0.01, ** p<0.05, * p<0.1.
  2. Note: We present only selected results for this model. The omitted categories for the dummy variables are laborers without a high-school degree for the education dummies, public administration for the sector of the economy in which the individual works, Madrid for the regional dummies and the cohort of 1935–40.
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