Table 10

Share of Employment Decline Explained by Subjective Health and Cognition— Subjective Health Instrumented Using Objective Health

	Men		Women
	ELSA	HRS	ELSA	HRS
Panel A: Subjective Health
High school dropout	0.086^***	0.142^***	0.055^***	0.136^***
	(0.022)	(0.024)	(0.015)	(0.023)
High school	0.053^***	0.112^***	0.058^***	0.134^***
	(0.015)	(0.011)	(0.016)	(0.011)
College	0.052^***	0.132^***	0.028^**	0.100^***
	(0.019)	(0.021)	(0.013)	(0.018)
Panel B: Subjective Health and Cognition
High school dropout	0.085^***	0.158^***	0.054^***	0.147^***
	(0.022)	(0.024)	(0.016)	(0.022)
High school	0.053^***	0.122^***	0.058^***	0.144^***
	(0.014)	(0.011)	(0.016)	(0.011)
College	0.054^***	0.142^***	0.029^**	0.103^***
	(0.020)	(0.020)	(0.014)	(0.018)
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.