Table A1. Predictor and control... | Emerald Publishing

Table A1.

Predictor and control variables characteristics

Indicator	Description	Factor	Source of data
Variables dedicated for a given gender
RA	Pensionable age	Retirement regulations	OECD
ARR	Aggregate replacement ratio	Generosity	Eurostat
HLY	Healthy life years by age 50 (objective measure of health)	Demographics/Health	Eurostat
HEALTH	Self-perceived health by age 55–64 (subjective measure of health) which expresses subjective assessment by the respondent of his/her health	Health	Eurostat
EDU	Population by educational attainment level (5–8, according to ISCED 2011 classification) and age (55–64)	Education/Knowledge	Eurostat
E&T	Participation rate in education and trainings by age 50–74	Education/Skills	Eurostat
SELF-EMP	Self-employment by age 55–74	Employment form	Eurostat
UNEMP	Unemployment rate	Labour market conditions	Eurostat
Variables common for both genders
ODR	Old dependency ratio (the ratio between population aged 60 years and over and population aged 20–59 years)	Demographics	Eurostat
IR	Interest rate (“the rates at which short-term borrowings are effected between financial institutions or the rate at which short-term government paper is issued or traded in the market”).^*	Returns on pension wealth	OECD
GDP_PC	Gross domestic product per capita in thousands of PPS – refers to the economy and agents’ incomes	Incomes	Eurostat
GDP_growth	GDP at market prices – chain linked volumes, percentage change on previous period	Overall economic condition	Eurostat
INF	Inflation – harmonized indices of consumer prices, annual average rate of change	Overall economic condition	Eurostat
S&W	Salaries and wages as percentage of GDP – refers to the economy and measures labour factor remuneration which can be correlated to occupational composition of the economy	Proxy of occupational composition of the economy	Eurostat
LP	Labour productivity (GDP per hour worked) – refers to the economy and measures an average productivity, which can be determined inter alia by the distribution of population between different professions	Proxy of occupational composition of the economy	OECD

Indicator	Description	Factor	Source of data
Variables dedicated for a given gender
RA	Pensionable age	Retirement regulations	OECD
ARR	Aggregate replacement ratio	Generosity	Eurostat
HLY	Healthy life years by age 50 (objective measure of health)	Demographics/Health	Eurostat
HEALTH	Self-perceived health by age 55–64 (subjective measure of health) which expresses subjective assessment by the respondent of his/her health	Health	Eurostat
EDU	Population by educational attainment level (5–8, according to ISCED 2011 classification) and age (55–64)	Education/Knowledge	Eurostat
E&T	Participation rate in education and trainings by age 50–74	Education/Skills	Eurostat
SELF-EMP	Self-employment by age 55–74	Employment form	Eurostat
UNEMP	Unemployment rate	Labour market conditions	Eurostat
Variables common for both genders
ODR	Old dependency ratio (the ratio between population aged 60 years and over and population aged 20–59 years)	Demographics	Eurostat
IR	Interest rate (“the rates at which short-term borrowings are effected between financial institutions or the rate at which short-term government paper is issued or traded in the market”).^*	Returns on pension wealth	OECD
GDP_PC	Gross domestic product per capita in thousands of PPS – refers to the economy and agents’ incomes	Incomes	Eurostat
GDP_growth	GDP at market prices – chain linked volumes, percentage change on previous period	Overall economic condition	Eurostat
INF	Inflation – harmonized indices of consumer prices, annual average rate of change	Overall economic condition	Eurostat
S&W	Salaries and wages as percentage of GDP – refers to the economy and measures labour factor remuneration which can be correlated to occupational composition of the economy	Proxy of occupational composition of the economy	Eurostat
LP	Labour productivity (GDP per hour worked) – refers to the economy and measures an average productivity, which can be determined inter alia by the distribution of population between different professions	Proxy of occupational composition of the economy	OECD

Note: *https://data.oecd.org/interest/short-term-interest-rates.htm#indicator-chart (available at: January 8, 2019)

Source: OECD and Eurostat (2019)