Table 3.
Exponentiated Coefficients from Binomial Logistic Regression of Joint Retirement Experience for Couples in Which Both Spouses Expected Joint Retirement
| Variable | Coeff. | |
|---|---|---|
| Husband's age at first retirement | 1.24 | (13.15)*** |
| Age difference between spouses | 0.94 | (0.73) |
| Husband's educationa | ||
| Less than HS | 0.81 | (0.14) |
| Some college | 1.08 | (0.03) |
| College or more | 1.79 | (1.73) |
| Wife's educationa | ||
| Less than HS | 0.84 | (0.08) |
| Some college | 1.23 | (0.27) |
| College or more | 0.47 | (2.16) |
| Husband in poor/fair health in 1992b | 2.13 | (1.33) |
| Wife in poor/fair health in 1992b | 0.84 | (0.04) |
| Husband in poor/fair health after first retirementb | 1.50 | (0.63) |
| Wife in poor/fair health after first retirementb | 1.78 | (1.14) |
| Length of current marriage in 1992 | 0.99 | (0.26) |
| Caring for parent(s) or grandchild(ren) in 1992b | 0.83 | (0.30) |
| Caring for parent(s) or grandchild(ren) after first retirementb | 0.85 | (0.24) |
| Total net wealth in $1,000 in 1992 | 1.00 | (0.01) |
| Worry about retirement income sufficiency | 0.82 | (3.89)* |
| Spouses relative earnings in 1992 | 0.38 | (4.15)* |
| Husband having pension planb | 1.83 | (1.88) |
| Wife having pension planb | 0.70 | (0.84) |
| Complementarity of leisure | 0.88 | (0.76) |
| Discussion of retirement | 1.39 | (8.85)** |
| df | 22 | |
| −2LogLikelihood | 240.7 | |
Note: Reference outcome is 'not joint retirement'. For the table, N=217. Values of Wald Chi-square statistics are shown in parenthesis
a
Reference category is high school graduate.
b
Reference category is no.
p-value + <.10
*
<.05
**
<.01
***
<.001