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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.