Summary Statistics SAVE Survey
| Retirees (n = 907) | Nonretirees (n = 1,140) | |||
|---|---|---|---|---|
| Mean | SD | Mean | SD | |
| Panel A: Retirement Timing | ||||
| Planned retirement age | 64.92 | 2.98 | ||
| Actual retirement age | 58.90 | 6.82 | ||
| Panel B: Time Preferences | ||||
| Smoker [0–1] | 0.14 | 0.35 | 0.31 | 0.46 |
| Overdraft [1–4] | 1.69 | 1.03 | 2.15 | 1.14 |
| Overdraft indicator [0–1] | 0.18 | 0.39 | 0.32 | 0.47 |
| Panel C: Demographics | ||||
| Age | 69.83 | 8.85 | 46.21 | 19.26 |
| Gender [male = 1] | 0.52 | 0.50 | 0.45 | 0.50 |
| Income (if >0) | 1,517.12 | 1,108.73 | 1,519.73 | 985.16 |
| Number of children | 2.04 | 1.41 | 1.68 | 1.37 |
| Education [0–2] | 0.45 | 0.79 | 0.50 | 0.78 |
| Married | 0.61 | 0.49 | 0.63 | 0.48 |
| Panel D: Additional Controls | ||||
| Financial literacy [0–9] | 2.94 | 1.08 | 2.95 | 1.04 |
| Subjective life expectancy | 80.33 | 7.06 | 78.60 | 8.40 |
| Private pension insurance (PPI) | 0.08 | 0.28 | 0.44 | 0.50 |
| Panel E: Health Controls | ||||
| Health status [1–5] | 3.16 | 0.83 | 3.58 | 0.80 |
| Satisfaction health [0–10] | 5.54 | 2.45 | 6.44 | 2.31 |
| Prolonged illness | 0.69 | 0.46 | 0.43 | 0.50 |
Notes: The table presents summary statistics for the SAVE 2010 survey for subsamples of retirees and nonretirees. Variables are as defined in the Appendix.