The impact of easy and early access to old-age benefits on exits from the labour market: a macro-micro analysis

IZA Journal of European Labor Studies

Table 5 Model results allowing asymmetry in the male discouraged worker rate equation

Male discouraged worker rate (45+)
	Coefficient	Standard error
Intercept	0.016^b	0.001
cumulated⁺	0.014^a	0.006
cumulated⁻	0.006^a	0.002
ρ	0.641^b	0.111
\( {\overline{R}}^2 \)	0.574
ADF (p value)	−6.869 (0.00)
Wald test for the asymmetry response (p value)	1.842 (0.07)

Data seasonally adjusted. Dependent variable: quarterly male discouraged worker rate (45+). ρ represents the AR(1) coefficient in the error term
^asignificant at the 5% level; ^bsignificant at the 1% level
Source: authors’ calculations; data sources: LFS and Central Statistical Office Poland