Table 3.

Descriptive Statistics

	Working at t=0	Not working at t=0	Of those working at t=0, behavior last observation
			Career	Bridge	Retired	Disability
Age at wave 4	60.6	61.1	59.8	61.1	62.0	59.6
< High School	0.222	0.261	0.243	0.229	0.188	0.267
Some College	0.170	0.183	0.135	0.114	0.208	0.333
College Grad	0.193	0.191	0.243	0.114	0.167	0.200
Work limited at wave 1	0.097	0.296	0.095	0.143	0.083	0.067
Work limited at wave 4	0.188	0.365	0.108	0.057	0.208	0.867
Age 62 or older at wave 4	0.369	0.435	0.243	0.457	0.583	0.133
Normal retirement benefit (assuming no further work)	$12,820	$11,271	$13,136	$12,327	$12,775	$11,711
Eligible for DB pension ever	0.466	0.078	0.419	0.486	0.542	0.333
Eligible for DC pension ever	0.369	0.122	0.405	0.371	0.375	0.267
Expected Career Earnings at last observation	$32,854	$6,048	$33,143	$32,904	$34,700	$23,761
Expected Bridge Earnings at last observation	$13,098	$2,294	$14,647	$12,253	$10,658	$13,793
With no employer health insurance	0.176		0.095	0.314	0.125	0.467
With only current coverage	0.290		0.297	0.286	0.292	0.200
With both current & retiree coverage	0.534		0.608	0.400	0.583	0.333
Median Non-housing wealth	$18,900	$15,000	$20,250	$15,000	$24,000	$8,000
Median Housing wealth	$4,750	-	$250	-	$33,500	$10,000
Fraction Choosing	0.605	0.395	0.430	0.204	0.279	0.087