| Demographics & Health (Pre-Retirement) |
|
|
|
|
|
| Retirement Age-62 |
0.024 |
-0.068 |
-0.028 |
-0.127 |
|
(0.031) |
(0.034) |
(0.025) |
(0.028) |
| I(Retirement Age>=62) |
-0.341 |
0.153 |
-0.488 |
0.087 |
|
(0.201) |
(0.228) |
(0.194) |
(0.210) |
| Retirement Age × I(Retirement Age>=62) |
-0.102 |
0.020 |
0.035 |
0.073 |
|
(0.100) |
(0.109) |
(0.100) |
(0.113) |
| Male |
0.414 |
0.411 |
0.468 |
0.398 |
|
(0.147) |
(0.168) |
(0.132) |
(0.151) |
| Black |
-0.364 |
0.462 |
0.020 |
0.284 |
|
(0.216) |
(0.206) |
(0.176) |
(0.189) |
| Hispanic |
-0.221 |
0.080 |
0.050 |
0.080 |
|
(0.303) |
(0.339) |
(0.228) |
(0.252) |
| Other |
-0.485 |
-0.360 |
-0.230 |
-0.096 |
|
(0.534) |
(0.500) |
(0.484) |
(0.417) |
| Married |
0.175 |
-0.097 |
0.179 |
-0.108 |
|
(0.179) |
(0.199) |
(0.154) |
(0.171) |
| I(Education <=12 years) |
-0.257 |
0.091 |
-0.116 |
0.043 |
|
(0.153) |
(0.175) |
(0.136) |
(0.155) |
| Fair or Poor Health (Self-Reported) |
-0.352 |
-0.894 |
-0.494 |
-0.854 |
|
(0.207) |
(0.241) |
(0.180) |
(0.203) |
| Number of Health Conditions |
-0.099 |
-0.120 |
-0.077 |
-0.131 |
|
(0.065) |
(0.077) |
(0.058) |
(0.064) |
| Retirement Resources (Pre-Retirement) |
|
|
|
|
|
| Log Income |
0.081 |
0.076 |
0.099 |
0.129 |
|
(0.054) |
(0.059) |
(0.058) |
(0.063) |
| ASINH Net Worth |
-0.059 |
-0.022 |
-0.038 |
-0.031 |
|
(0.056) |
(0.061) |
(0.046) |
(0.049) |
| Self-Employed |
0.544 |
0.261 |
0.604 |
0.267 |
|
(0.234) |
(0.279) |
(0.186) |
(0.230) |
| Employer Pension |
-0.611 |
-0.135 |
-0.450 |
-0.301 |
|
(0.187) |
(0.199) |
(0.151) |
(0.165) |
| Employer Offers Retiree Health Insurance |
-0.214 |
-0.120 |
-0.198 |
-0.323 |
|
(0.199) |
(0.233) |
(0.176) |
(0.193) |
| Occupation (Pre-Retirement) |
|
|
|
|
|
| Managerial/Professional Specialty |
0.630 |
0.600 |
0.709 |
0.349 |
|
(0.246) |
(0.278) |
(0.207) |
(0.232) |
| Sales/Admin Support |
0.556 |
0.474 |
0.574 |
0.395 |
|
(0.248) |
(0.277) |
(0.207) |
(0.227) |
| Services |
0.433 |
0.454 |
0.505 |
0.054 |
|
(0.274) |
(0.305) |
(0.221) |
(0.252) |
| Precision Production/Craft/Repair |
0.560 |
0.600 |
0.405 |
0.207 |
|
(0.263) |
(0.287) |
(0.220) |
(0.240) |
| Retirement Planning (Pre-Retirement) |
|
|
|
|
| Short Planning Horizon |
0.032 |
0.168 |
-0.016 |
0.064 |
|
(0.170) |
(0.175) |
(0.144) |
(0.157) |
| Plans to Keep Working in Retirement |
0.875 |
0.993 |
0.894 |
0.820 |
|
(0.161) |
(0.188) |
(0.143) |
(0.161) |
| Worried About Not Having Enough Income |
0.332 |
0.156 |
0.277 |
0.340 |
|
(0.164) |
(0.204) |
(0.151) |
(0.179) |
| Worried About Not Being Productive |
0.169 |
0.351 |
-0.002 |
0.514 |
|
(0.169) |
(0.206) |
(0.150) |
(0.173) |
| Changes in Resources & Perceptions (Post-Retirement) |
|
|
|
|
| Net Worth (Non-Housing) Drops by 25% or More |
-0.144 |
0.069 |
0.024 |
0.165 |
|
(0.156) |
(0.168) |
(0.135) |
(0.143) |
| Stock Value Drops by 25% or More |
0.035 |
-0.001 |
0.009 |
-0.008 |
|
(0.177) |
(0.202) |
(0.162) |
(0.181) |
| Became More Worried about Income |
0.661 |
0.108 |
0.134 |
0.162 |
|
(0.298) |
(0.345) |
(0.232) |
(0.256) |
| Became Less Worried about Income |
-0.748 |
-0.118 |
-0.556 |
-0.300 |
|
(0.238) |
(0.240) |
(0.204) |
(0.220) |
| Became More Worried about Not Being Productive |
0.075 |
0.519 |
0.242 |
0.398 |
|
(0.269) |
(0.259) |
(0.198) |
(0.211) |
| Became Less Worried about Not Being Productive |
-0.449 |
-0.223 |
-0.184 |
-0.261 |
|
(0.271) |
(0.285) |
(0.234) |
(0.250) |
| Health Shock |
-0.527 |
-0.778 |
-0.639 |
-0.698 |
|
(0.161) |
(0.191) |
(0.138) |
(0.160) |
| OOP Medical Expenses Jump by 25% or More |
0.051 |
-0.065 |
0.056 |
-0.076 |
|
(0.127) |
(0.143) |
(0.112) |
(0.126) |
| Lost Health Insurance |
0.043 |
0.174 |
-0.150 |
0.273 |
|
(0.196) |
(0.207) |
(0.170) |
(0.171) |
| Pseudo R-Squared |
0.128 |
0.118 |
| Number of Observations |
1896 |
2309 |
