Table 6.
OLS regression of occupational pension programs benefits (Dependent variable: Logarithm of occupational pension benefits)
| Estimated coefficient (standard error) | Mean values of variables (standard deviation) | ||||
|---|---|---|---|---|---|
| Variables | (1) All | (2) Men | (3) Women | (4) Men | (5) Women |
| Occupational pension benefits | 2500.11 (2077.76) |
2061.42 (853.11) |
|||
| Female |
− 0.107*** (0.025) |
||||
| Age | 0.004** (0.002) |
0.004* (0.002) |
0.001 (0.003) |
69.86 (6.42) |
69.27 (6.46) |
| Agricultural hukou (current hukou) | 0.171*** (0.043) |
− 0.184*** (0.049) |
− 0.083 (0.119) |
0.098 (0.297) |
0.021 (0.142) |
| Education (Base: Illiterate) | 0.057 (0.232) |
0.119 (0.325) |
|||
| Did not finish primary school | − 0.057 (0.051) |
− 0.097 (0.071) |
0.009 (0.072) |
0.108 (0.311) |
0.092 (0.290) |
| Finished primary school | 0.034 (0.046) |
0.036 (0.065) |
− 0.001 (0.065) |
0.232 (0.422) |
0.198 (0.399) |
| Junior high school | 0.087* (0.046) |
0.102 (0.065) |
− 0.010 (0.063) |
0.284 (0.451) |
0.314 (0.465) |
| Senior high school and above | 0.292*** (0.046) |
0.302*** (0.065) |
0.233*** (0.066) |
0.319 (0.466) |
0.276 (0.448) |
| The type of retired unit (Base: Government) | 0.110 (0.313) |
0.038 (0.190) |
|||
| Government-run institution | − 0.069 (0.045) |
− 0.083 (0.053) |
0.004 (0.093) |
0.170 (0.376) |
0.167 (0.374) |
| Stated-owned enterprise | 0.224*** (0.044) |
0.242*** (0.054) |
− 0.164* (0.092) |
0.182 (0.386) |
0.324 (0.469) |
| Collective-owned enterprise | − 0.193*** (0.062) |
− 0.170* (0.091) |
− 0.149 (0.104) |
0.030 (0.171) |
0.092 (0.290) |
| Other enterprise | − 0.348** (0.153) |
− 0.355* (0.212) |
− 0.273 (0.220) |
0.005 (0.067) |
0.007 (0.083) |
| Enterprise (type missing) | − 0.184*** (0.058) |
− 0.193*** (0.071) |
− 0.133 (0.112) |
0.059 (0.235) |
0.058 (0.234) |
| Informal sector | − 0.319* (0.193) |
− 0.219 (0.357) |
− 0.384* (0.211) |
0.0015 (0.039) |
0.007 (0.083) |
| Unit type missing | − 0.209*** (0.040) | 0.221*** (0.047) |
− 0.181** (0.090) |
0.444 (0.497) |
0.307 (0.462) |
| Total years of work in a pension-eligible sector | 0.007*** (0.001) |
0.005*** (0.002) |
0.011*** (0.002) |
31.52 (7.736) |
26.49 (8.032) |
| Logarithm of wage at age 45 | 0.070*** (0.012) |
0.058*** (0.015) |
0.089*** (0.019) |
6.144 (0.959) |
5.821 (0.940) |
| Constant | 7.063*** (0.176) |
7.150*** (0.229) |
6.975*** (0.288) |
||
| Province | Yes | Yes | Yes | ||
| Observations | 958 | 665 | 293 | 665 | 293 |
| R-squared | 0.414 | 0.367 | 0.544 | ||
Notes:
***, **, *
denote statistical significance at the 1, 5, and 10 percent levels, respectively.