Table 2.

Linear probability model (LPM) estimates and probit estimates of the effect of health shock on retirement for men. Basic model. Result for key variable

	LPM	Probit
Acute health event	0.075 (0.008)	0.073 (0.007)
R 2	0.119	0.145
No. of person-year observation	254,393

Probit: Marginal effects are reported. Results for the full model can be found in the Appendix, Table 7. Regressions include dummies for chronic illness, accident, age, education, industry/occupation, year and wealth. Standard error in parentheses