samlet årgang - Økonomisk Institut - Københavns Universitet

THE EFFECT OF THE ’92-REFORM OF THE VERP ON RETIREMENT AGE 183
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60 61 62 63 64 65 66
VERP2 Coef. Marg. eff. Coef. Marg. eff. Coef. Marg. eff. Coef.Marg. eff. Coef.Marg. eff. Coef.Marg. eff. Coef.Marg. eff.
VERP 0.365 0.096 0.409 0.094 0.666** 0.159** 0.764*** 0.188*** 0.466 0.120 0.132 0.037 -0.244 -0.066
(0.232) (0.058) (0.269) (0.058) (0.280) (0.062) (0.279) (0.066) (0.323) (0.083) (0.318) (0.089) (0.372) (0.100)
AFTER -0.008 -0.002 0.097 0.023 0.206 0.052 0.299 0.077 0.395 0.103 0.443 0.123 -0.719* -0.199*
(0.292) (0.081) (0.317) (0.076) (0.304) (0.076) (0.309) (0.081) (0.312) (0.082) (0.302) (0.084) (0.377) (0.103)
VERP*AFTER 0.182 0.052 0.145 0.036 -0.521 -0.120 -1.020** -0.199** -0.697 -0.149 0.006 0.002 0.778 0.244
(0.341) (0.100) (0.374) (0.095) (0.367) (0.076) (0.410) (0.059) (0.438) (0.075) (0.447) (0.124) (0.538) (0.184)
ADJUST 0.437 0.122 0.403 0.098 0.160 0.041 0.099 0.025 0.266 0.069 -0.035 -0.010 0.095 0.026
(0.275) (0.076) (0.300) (0.073) (0.326) (0.084) (0.308) (0.079) (0.314) (0.081) (0.353) (0.098) (0.332) (0.091)
VERP*ADJUST -0.229 -0.062 0.188 0.047 -0.245 -0.058 -0.183 -0.045 -0.327 -0.078 0.257 0.075 0.120 0.034
(0.321) (0.084) (0.355) (0.092) (0.396) (0.088) (0.377) (0.089) (0.422) (0.092) (0.470) (0.145) (0.517) (0.149)
AFTER*ADJUST -0.432 -0.109 -0.191 -0.044 -0.331 -0.076 -0.441 -0.099 -0.598 -0.129 -0.697 -0.164 0.073 0.020
(0.405) (0.092) (0.430) (0.093) (0.464) (0.095) (0.445) (0.087) (0.464) (0.081) (0.479) (0.093) (0.536) (0.151)
VERP*AFTER* 0.322 0.097 -0.051 -0.012 0.587 0.178 1.170** 0.396** 1.148* 0.393* -0.169 -0.044 0.412 0.127
ADJUST (0.467) (0.151) (0.507) (0.118) (0.559) (0.193) (0.576) (0.216) (0.623) (0.236) (0.671) (0.165) (0.741) (0.253)
Number of obs. 839 745 562 491 394 323 267
*: Significant at the 10 percent level; **: significant at the 5 percent level; ***: significant at the 1 percent level.
Note: Additional controls include gender, education, cohabitation status, experience, lagged income and lagged unemployment.