Table 4.
First stage results.
| Out of the labor force | OLS |
|---|---|
| Over early retirement age | 0.0814*** (0.0231) |
| Over full retirement age | 0.1462*** (0.0180) |
| Age | 0.0399 (0.0256) |
| Age squared | 0.0000 (0.0002) |
| Public employment | −0.0615*** (0.0151) |
| Self-employed | −0.2017*** (0.0130) |
| Married | −0.0090 (0.0129) |
| High education | −0.0976*** (0.0129) |
| Medium education | −0.0213* (0.0122) |
| Number of children | −0.0027 (0.0037) |
| Household income | −0.3909 (0.2517) |
| Constant | −1.8946*** (0.7338) |
| Observations | 5282 |
| R-squared | 0.52 |
Note: This regression also includes country fixed effects. Standard errors in parentheses.
Significant at 10%.
Significant at 1%.