Table 5. Simulated impacts on employment and health outcomes of raising mandatory retirement and public pension eligibility ages to 70 years.
| Aged 55–69 years | Aged 55–59 years | Aged 60–64 years | Aged 65–69 years | ||||||
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| Mean | SD | Mean | SD | Mean | SD | Mean | SD | ||
| Work | Actual | 61.4 | (48.7) | 78.9 | (40.8) | 65.3 | (47.6) | 44.9 | (49.7) |
| Predicted (A) | 61.3 | (21.4) | 75.5 | (14.4) | 68.2 | (17.1) | 45.3 | (18.4) | |
| Simulated (B) | 74.7 | (14.3) | 76.1 | (13.6) | 75.3 | (13.8) | 73.1 | (15.0) | |
| Impact (B−A) | 13.3 | (12.7) | 0.7 | (2.1) | 7.1 | (5.0) | 27.8 | (4.2) | |
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| Poor self-rated health | Actual | 14.6 | (35.3) | 14.3 | (35.0) | 14.5 | (35.2) | 15.0 | (35.7) |
| Predicted (A) | 14.6 | (4.0) | 13.4 | (3.6) | 14.3 | (3.9) | 15.9 | (4.1) | |
| Simulated (B) | 13.8 | (3.8) | 13.4 | (3.6) | 13.8 | (3.8) | 14.1 | (3.8) | |
| Impact (B−A) | −0.9 | (0.8) | 0.0 | (0.1) | −0.4 | (0.3) | −1.8 | (0.4) | |
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| Subjective symptoms | Actual | 30.7 | (46.1) | 29.0 | (45.4) | 30.1 | (45.9) | 32.3 | (46.8) |
| Predicted (A) | 31.0 | (7.3) | 28.3 | (6.2) | 30.3 | (7.1) | 33.7 | (7.5) | |
| Simulated (B) | 29.2 | (6.7) | 28.2 | (6.1) | 29.4 | (6.9) | 29.9 | (7.0) | |
| Impact (B−A) | −1.8 | (1.7) | −0.1 | (0.3) | −1.0 | (0.7) | −3.8 | (0.7) | |
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| ADL problems | Actual | 15.0 | (35.7) | 14.0 | (34.7) | 15.0 | (35.7) | 15.8 | (36.5) |
| Predicted (A) | 15.2 | (5.7) | 13.3 | (4.8) | 14.8 | (5.5) | 17.0 | (5.8) | |
| Simulated (B) | 13.9 | (5.1) | 13.3 | (4.8) | 14.0 | (5.3) | 14.2 | (5.2) | |
| Impact (B−A) | −1.4 | (1.3) | −0.1 | (0.2) | −0.8 | (0.5) | −2.8 | (0.8) | |
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| Stress/anxiety | Actual | 45.0 | (49.7) | 49.6 | (50.0) | 45.4 | (49.8) | 41.1 | (49.2) |
| Predicted (A) | 45.2 | (9.0) | 48.5 | (7.9) | 45.6 | (8.7) | 42.3 | (9.2) | |
| Simulated (B) | 47.7 | (8.9) | 48.6 | (8.0) | 47.4 | (8.9) | 47.1 | (9.5) | |
| Impact (B−A) | 2.5 | (2.1) | 0.2 | (0.6) | 1.8 | (1.0) | 4.8 | (0.8) | |
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| Psychological stress | Actual | 26.5 | (44.2) | 30.0 | (45.8) | 26.4 | (44.1) | 23.8 | (42.6) |
| Predicted (A) | 27.3 | (7.1) | 29.8 | (6.5) | 27.7 | (6.9) | 25.0 | (7.1) | |
| Simulated (B) | 29.4 | (7.2) | 30.0 | (6.5) | 29.3 | (7.2) | 29.1 | (7.7) | |
| Impact (B−A) | 2.1 | (1.9) | 0.2 | (0.6) | 1.6 | (0.9) | 4.1 | (0.8) | |
ADL, activities of daily living; SD, standard deviation.