Table 3:
Cox Proportional Hazards of Retirement for Men by Intergenerational Support (N=10,999)
| Model 1 | Model 2 | Model 5 | Model 6 | |||||
|---|---|---|---|---|---|---|---|---|
| HR | SE | HR | SE | HR | SE | HR | SE | |
|
| ||||||||
| Race/Ethnicity (Ref=NH White) | ||||||||
| NH Black | 0.94 | (0.04) | 0.95 | (0.04) | 0.94 | (0.04) | 0.85 | (0.09) |
| Hispanic | 0.72*** | (0.04) | 0.76*** | (0.04) | 0.73*** | (0.04) | 0.57*** | (0.08) |
| Married | 1.11** | (0.04) | 1.08* | (0.04) | 1.07* | (0.04) | 1.07* | (0.04) |
| Number of Children | 1.00 | (0.01) | 1.00 | (0.01) | 0.99 | (0.01) | 0.99 | (0.01) |
| Any Intergenerational Support | 1.58*** | (0.07) | ||||||
| Grandchild Care | 1.25*** | (0.03) | ||||||
| Child Financial Transfer | 1.21*** | (0.04) | ||||||
| Parent Co-reside | 1.23*** | (0.07) | ||||||
| Parent Financial Transfer | 0.90* | (0.04) | ||||||
| Parent Care | 1.19*** | (0.04) | ||||||
| Child Co-reside | 1.07* | (0.03) | ||||||
| Financial Dependent | 0.85*** | (0.03) | ||||||
| Type of Support (Ref=Only Financial) | ||||||||
| None | 0.69*** | (0.03) | 0.68*** | (0.04) | ||||
| Coresidence/Financial | 0.96 | (0.05) | 0.95 | (0.05) | ||||
| Time | 1.24*** | (0.05) | 1.21*** | (0.05) | ||||
| Type of Support*Race | ||||||||
| None*Black | 1.05 | (0.15) | ||||||
| None*Hispanic | 1.70** | (0.34) | ||||||
| Cores*Black | 1.21 | (0.18) | ||||||
| Cores*Hispanic | 1.06 | (0.19) | ||||||
| Time*Black | 1.12 | (0.13) | ||||||
| Time*Hispanic | 1.35* | (0.21) | ||||||
Notes: HR=Hazard Ratio; SE=Standard Errors; NH=Non-Hispanic; statistical significance indicated by
*
p<0.05
**
p<0.01
***
p<0.001; All models include controls for education, family income, wealth, homeownership, full-time employment, self-employment, job stress, pension type, poor health, and spouses’ health.