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. Author manuscript; available in PMC: 2014 Aug 1.
Published in final edited form as: J Public Econ. 2013 Apr 29;104:40–51. doi: 10.1016/j.jpubeco.2013.04.007

Table 1.

Individual Characteristics

Towers Watson Sample
Full Sample No Coverage Access Only Ineligible Subsidy<50% Ineligible Subsidy≥50% Ineligible Subsidy Unknown Ineligible
Male 0.51 0.53 0.30 0.48 0.47 0.47
Years of Service 19.95 17.62 7.80 6.75 10.83 17.46
Age 61.18 61.38 61.09 60.81 61.19 59.91
2005 Salary 56120 47062 50609 54080 41478 64448
Fraction of Obs. 1 0.44 0.03 0.03 0.06 0.02
Access Only Eligible Subsidy<50% Eligible Subsidy≥50% Eligible Unknown Eligible
Male 0.32 0.54 0.59 0.40
Years of Service 23.23 23.85 27.82 24.02
Age 61.11 61.13 60.79 61.96
2005 Salary 65201 73951 64400 69254
Fraction of Obs. 0.06 0.11 0.20 0.05
HRS Sample
Full Sample No Coverage Coverage Coverage Unknown Men Women
Male 0.54 0.51 0.57 0.55 1.00 0.00
Years of Service 15.72 14.32 17.74 14.57 16.57 14.72
Age 61.14 60.73 60.50 62.78 61.22 61.06
Salary (in 2005 $) 53772 48328 59137 53175 62523 43386
Married 0.69 0.62 0.70 0.75 0.79 0.56
Spouse Agea 59.52 59.63 58.72 60.55 57.64 62.65
Spouse in LFa 0.66 0.61 0.67 0.69 0.65 0.67
Fraction of Obs. 1.00 0.36 0.39 0.25 0.54 0.46

Notes: Towers Watson sample includes 172,343 person-year observations in which the employee is between the ages of 58 and 69. HRS sample includes person-year observations from the 2004–2008 waves in which the respondant is between the ages of 58 and 69, works full time, is not self-employed, has a salary (in 2005 dollars) of $10,000 or more, and has one year or more of service. For HRS sample, salary includes wages from all jobs, not just the primary job. HRS respondant weights are used in computing means. Retiree health coverage includes coverage only through own employer.

a

- For married individuals only. In labor force includes working full time, working part time, “partially retired,” and unemployed. Not in labor force includes retired, disabled, and out of labor force.