Table 6

Share of Employment Decline Explained by Cognition and Subjective Health

	Men		Women
	ELSA	HRS	ELSA	HRS
Panel A: Subjective Health
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: Cognition
High school dropout	0.009	0.037^***	−0.003	0.057^***
	(0.003)	(0.010)	(0.003)	(0.011)
High school	0.001	0.028^***	−0.001	0.033^***
	(0.002)	(0.004)	(0.001)	(0.005)
College	−0.001	0.034^***	0.000	0.018^***
	(0.002)	(0.007)	(0.001)	(0.006)
Panel C: Cognition and Subjective Health
High school dropout	0.072^***	0.145^***	0.043^***	0.124^***
	(0.013)	(0.019)	(0.008)	(0.016)
High school	0.041^***	0.125^***	0.047^***	0.127^***
	(0.008)	(0.007)	(0.009)	(0.007)
College	0.040^***	0.104^***	0.023^***	0.085^***
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.