Alternative definitions of retirement (FE-IV estimates)
| Panel A | First stage | Second stage |
|---|---|---|
| Retirement | 1.106*** (0.387) | |
| State pension age eligibility | 0.176*** (0.004) | |
| F-statistics | 1897.109 | |
| Observations | 127,980 | |
| Individuals | 41,276 | |
| Panel A | First stage | Second stage |
|---|---|---|
| Retirement | 1.106*** (0.387) | |
| State pension age eligibility | 0.176*** (0.004) | |
| F-statistics | 1897.109 | |
| Observations | 127,980 | |
| Individuals | 41,276 | |
| Panel B | First stage | Second stage |
|---|---|---|
| Retirement | 1.255*** (0.440) | |
| State pension age eligibility | 0.155*** (0.004) | |
| F-statistics | 1287.006 | |
| Observations | 127,980 | |
| Individuals | 41,276 | |
| Panel B | First stage | Second stage |
|---|---|---|
| Retirement | 1.255*** (0.440) | |
| State pension age eligibility | 0.155*** (0.004) | |
| F-statistics | 1287.006 | |
| Observations | 127,980 | |
| Individuals | 41,276 | |
Note(s): Control variables: age, age squared, age cubed, education dummies, marital status dummies, income, body weight dummies, IADL, ADL, cognitive functions, country, and wave dummies. Standard errors clustered at the individual level are reported in parentheses
***p < 0.01, **p < 0.05, *p < 0.1
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