Table 8

Share of Employment Decline Explained by Subjective Health—Various Specifications

	Men		Women
	ELSA	HRS	ELSA	HRS
Panel A: First Principal Component
High school dropout	0.072^***	0.123^***	0.045^***	0.101^***
	(0.013)	(0.017)	(0.007)	(0.014)
High school	0.041^***	0.111^***	0.047^***	0.112^***
	(0.008)	(0.006)	(0.009)	(0.006)
College	0.040^***	0.084^***	0.023^***	0.077^***
	(0.011)	(0.010)	(0.008)	(0.009)
Panel B: Three Subjective Measures Separately
High school dropout	0.060^***	0.106^***	0.033^***	0.107^***
	(0.015)	(0.017)	(0.009)	(0.017)
High school	0.032^***	0.110^***	0.039^***	0.123^***
	(0.011)	(0.007)	(0.008)	(0.007)
College	0.011	0.080^***	0.028^***	0.078^***
	(0.013)	(0.012)	(0.011)	(0.010)
Panel C: Health Limits Work
High school dropout	0.029^***	0.084^***	0.014^*	0.104^***
	(0.011)	(0.016)	(0.007)	(0.016)
High school	0.020^***	0.101^***	0.020^***	0.119^***
	(0.006)	(0.007)	(0.006)	(0.006)
College	−0.003	0.068^***	0.003	0.071^***
	(0.007)	(0.009)	(0.006)	(0.009)
Sample sizes	4,692	5,777	6,957	9,199
	6,326	18,756	7,911	29,905
	3,362	9,238	2,759	9,682

Notes: All estimates include age, age-squared, wave dummies, and the full set of initial conditions. Standard errors are bootstrapped with 500 repetitions. Significance:
↵* p < 0.10,
** p < 0.05,
↵*** p < 0.01.