Table 5

Coefficient Estimates—Employment Regression on Cognition and Subjective Health

MenWomen
ELSAHRSELSAHRS
NoICs
(1)
ICs
(2)
NoICs
(3)
ICs
(4)
NoICs
(5)
ICs
(6)
NoICs
(7)
ICs
(8)
Panel A: Employment on Subjective Health
High school dropout0.177***0.085***0.194***0.138***0.128***0.057***0.161***0.127***
(0.004)(0.006)(0.004)(0.005)(0.005)(0.005)(0.004)(0.004)
High school0.110***0.049***0.158***0.106***0.115***0.063***0.140***0.109***
(0.005)(0.005)(0.003)(0.003)(0.004)(0.005)(0.002)(0.003)
College0.071***0.047***0.096***0.070***0.068***0.044***0.087***0.077***
(0.007)(0.007)(0.004)(0.004)(0.008)(0.008)(0.004)(0.005)
Panel B: Employment on Cognition
High school dropout0.087***0.013*0.085***0.043***0.058***0.013**0.073***0.037***
(0.006)(0.007)(0.006)(0.007)(0.005)(0.005)(0.005)(0.005)
High school0.033***0.011**0.067***0.030***0.031***0.0070.061***0.030***
(0.006)(0.005)(0.003)(0.004)(0.005)(0.005)(0.003)(0.003)
College0.013*0.0040.049***0.031***0.019**−0.0010.029***0.018***
(0.007)(0.008)(0.004)(0.005)(0.008)(0.008)(0.005)(0.005)
Panel C: Employment on Cognition and Subjective Health
Cognition
High school dropout0.035***0.0010.044***0.029***0.026***0.0060.034***0.016***
(0.006)(0.007)(0.006)(0.006)(0.005)(0.005)(0.005)(0.005)
High school0.009*0.0050.035***0.017***0.008*0.0010.030***0.016***
(0.005)(0.005)(0.003)(0.003)(0.005)(0.005)(0.003)(0.003)
College−0.001−0.0020.030***0.021***0.006−0.0060.014***0.009*
(0.007)(0.008)(0.004)(0.004)(0.008)(0.008)(0.005)(0.005)
Subjective Health
High school dropout0.168***0.085***0.185***0.135***0.122***0.056***0.153***0.125***
(0.005)(0.006)(0.005)(0.005)(0.005)(0.005)(0.004)(0.004)
High school0.108***0.048***0.151***0.104***0.114***0.063***0.134***0.106***
(0.005)(0.005)(0.003)(0.003)(0.004)(0.005)(0.002)(0.003)
College0.071***0.047***0.090***0.067***0.066***0.045***0.084***0.076***
(0.007)(0.007)(0.004)(0.004)(0.008)(0.008)(0.004)(0.005)
Sample sizes  4,692  4,692  5,777  5,777  6,957  6,957  9,199  9,199
  6,326  6,326 18,756 18,756  7,911  7,911 29,905 29,905
  3,362  3,362  9,238  9,238  2,759  2,759  9,682  9,682
  • Notes: All estimates include age, age-squared, and wave dummies. ICs stands for initial conditions. These include the initial value of the health and cognition variables included in the regression, as well as initial employment, working experience, wealth, and marital status, and health in childhood. Significance:

  • * p < 0.10,

  • ** p < 0.05,

  • *** p < 0.01.