Workers receiving or not receiving old-age benefits in t
0
|
---|
| Odds ratio | Standard error | Odds ratio | Standard error |
---|
Age (years) |
50–54 | 1 | | 1 | |
55–59 | 2.135a
| 0.213 | 2.102a
| 0.208 |
60–64 | 6.593a
| 1.469 | 4.602a
| 0.840 |
>65 | | | 2.974a
| 1.014 |
Sex |
Males | 1 | | 1 | |
Females | 1.607a
| 0.151 | 1.519a
| 0.137 |
Δunemployment rate−
b
| 0.716a
| 0.023 | 0.736a
| 0.023 |
Old-age benefits as a source of income in t
1
|
No | 1 | | 1 | |
Yes | 2.285a
| 0.236 | 2.284a
| 0.231 |
Log likelihood | −1471.27 | | −1539.94 | |
LR | 276.51 (df = 5) | | 296.78 (df = 6) | |
p value | 0.00 | | 0.00 | |
McFadden’s adj. R
2
| 0.082 | | 0.088 | |
Sensitivity | 60.47%c
| | 62.27%d
| |
Specificity | 66.51%c
| | 65.86%d
| |
Correctly classified | 64.76%c
| | 64.79%d
| |
- The sample comprised individuals aged either 50–59 (females) and 50–64 (males) or workers aged 50+; annual data for the period 2004–2010. Sample size for the workers aged 50–59 (females) and 50–64 (females)—2676 observations; for the workers aged 50+—2769 observations
-
asignificant at the 1% level
-
bRefers to a 1 percentage point change in the negative change in the unemployment rate
-
cCut-off level in the classification table 0.2892 (based on the share of the outflow in the whole sample)
-
dCut-off level in the classification table 0.2987 (based on the share of the outflow in the whole sample)
- Source: authors’ calculations; data sources: LFS