. Author manuscript; available in PMC: 2013 Feb 12.

Published in final edited form as: Am Econ Rev. 2011 May;101(3):40–44. doi: 10.1257/aer.101.3.40

Table 2.

Tobit regression results with change in reported retirement age as dependent variable

	(1)	(2)
ΔR_j_,_SC₀₈	0.275 (0.168)	−0.745^* (0.434)
(ΔR_j_,_SC₀₈)²	−0.013^* (0.007)	0.038 (0.030)
I_{stock pessimism}		0.650 (1.042)
I_{stock pessimism} × ΔR_j_,_SC₀₈		1.182^** (0.512)
I_{stock pessimism} × (ΔR_j_,_SC₀₈)²		−0.058^* (0.033)
Sigma	6.255^*** (0.982)	5.015^*** (0.496)
Observations	306	279
Uncensored observations	124	113

Notes: Results are from Tobit regressions conducted using individual-level sampling weights from the CogUSA study. Constant omitted to conserve space. Robust standard errors reported in parentheses.

Significant at the 10 percent level.

^**

Significant at the 5 percent level.

^***

Significant at the 1 percent level.