Skip to main content

Table 3 Linear regression model estimations for planned retirement age, pension variables: standard retirement age SRA and pension wealth

From: Determinants for the transition from work into retirement in Europe

  M1b: total sample M2b: male M3b: female M4b: EU15, rich M5b: EU15, poor M6b: new EU members
Female −0.323*** (0.0434)    −0.307*** (0.0616) 0.382*** (0.0797) −1.296*** (0.118)
Married −0.501*** (0.0400) −0.209*** (0.0572) −0.737*** (0.0564) −0.614*** (0.0541) −0.452*** (0.0758) −0.357*** (0.0851)
Medium education −0.0292 (0.0415) 0.0759 (0.0543) −0.210** (0.0654) 0.0443 (0.0622) −0.0112 (0.0737) 0.410*** (0.0990)
High education 0.235*** (0.0575) 0.149 (0.0775) 0.264** (0.0880) 0.331*** (0.0787) 0.168 (0.104) 1.172*** (0.167)
Large firm −0.305*** (0.0373) −0.337*** (0.0512) −0.259*** (0.0546) −0.276*** (0.0505) −0.396*** (0.0727) −0.239** (0.0759)
No firmsize 0.164* (0.0757) 0.168 (0.0892) 0.186 (0.139) 0.597*** (0.128) −0.149 (0.106) 0.0278 (0.175)
Employee −1.032*** (0.0678) −0.964*** (0.0809) −1.041*** (0.125) −0.443*** (0.111) −1.791*** (0.104) −0.121 (0.146)
Part-time job −0.166** (0.0535) 0.109 (0.111) −0.292*** (0.0638) −0.278*** (0.0647) −0.116 (0.113) −0.169 (0.186)
Working conditions −0.0306 (0.0394) −0.102* (0.0517) 0.0638 (0.0610) 0.0932 (0.0561) −0.0517 (0.0710) −0.0581 (0.0823)
Large city 0.00440 (0.0410) −0.00452 (0.0551) −0.0166 (0.0615) 0.0518 (0.0600) 0.0183 (0.0774) −0.157 (0.0848)
Medium city −0.198*** (0.0435) −0.309*** (0.0574) −0.0697 (0.0665) −0.371*** (0.0650) −0.111 (0.0798) −0.338*** (0.0834)
Agriculture 0.281*** (0.0824) 0.277** (0.0988) 0.243 (0.148) 0.300* (0.144) 0.960*** (0.130) −0.626*** (0.151)
Manufacturing −0.0710 (0.0445) −0.0218 (0.0530) −0.244** (0.0832) 0.0156 (0.0645) −0.185* (0.0808) −0.0818 (0.0854)
Personal services 0.0882 (0.0456) 0.112 (0.0756) 0.0215 (0.0586) 0.340*** (0.0610) −0.135 (0.0839) −0.370*** (0.108)
Blue collar 0.109* (0.0460) 0.265*** (0.0607) −0.0300 (0.0746) −0.0113 (0.0659) 0.257** (0.0830) 0.0142 (0.0915)
Intellect. worker 0.294*** (0.0500) 0.548*** (0.0675) 0.0297 (0.0761) 0.111 (0.0654) 0.387*** (0.0938) 0.242 (0.129)
YEARSPNT −0.0724*** (0.00289) −0.0922*** (0.00451) −0.0591*** (0.00382) −0.0337*** (0.00396) −0.132*** (0.00477) −0.0461*** (0.00983)
SRA 0.447*** (0.00948) 0.476*** (0.0159) 0.411*** (0.0123) 0.635*** (0.0225) 0.350*** (0.0154) 0.386*** (0.0234)
Pension wealth −0.00122*** (0.0000551) −0.00146*** (0.0000733) −0.000809*** (0.0000859) −0.00115*** (0.0000754) −0.00801*** (0.000359) −0.0105*** (0.00267)
constant −1.709** (0.617) −3.253** (1.048) −0.0180 (0.761) −15.62*** (1.449) 9.511*** (1.091) 1.927 (1.617)
N 44,558 24,493 20,065 18,905 16,719 8,934
R 2 0.115 0.105 0.097 0.083 0.169 0.179
  1. Notes: Standard errors in parentheses. * p<0.05, ** p<0.01, *** p<0.001.