# **Table 2**

# **Pension Eligibility and Health Status in the Labor Supply of Adults Over 45**

Linear Probability Models, Dependent Variable: Worked at Least One Hour per Week

|||China (C|HARLS)|||Indonesi|a(IFLS)|||Korea(|KLoSA)||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Ur|ban|Ru|ral|Ur|ban|Ru|ral|Ur|ban|R|ural|
||Male|Female|Male|Female|Male|Female|Male|Female|Male|Female|Male|Female|
|Age|-0.067|-0.088***|0.016|0.005|0.021**|0.075***|0.023***|0.032***|-0.058***|-0.051***|-0.015|-0.023*|
||(0.04)|(0.03)|(0.01)|(0.01)|(0.01)|(0.01)|(0.01)|(0.01)|(0.01)|(0.01)|(0.02)|(0.01)|
|Age-Squared|0.000|0.001***|-0.000*|-0.000*|-0.000***|-0.001***|-0.000***|-0.000***|0.000***|0.000***|-0.000|0.000|
||(0.00)|(0.00)|(0.00)|(0.00)|(0.00)|(0.00)|(0.00)|(0.00)|(0.00)|(0.00)|(0.00)|(0.00)|
|Years of Education|0.003|-0.032*|-0.009|-0.040**|-0.009|-0.015**|-0.002|-0.004|0.011|0.008|0.031**|0.018*|
||(0.02)|(0.02)|(0.01)|(0.02)|(0.01)|(0.01)|(0.00)|(0.01)|(0.01)|(0.01)|(0.01)|(0.01)|
|Years of Education-Squared|0.000|0.003***|0.001|0.004**|0.000|0.002***|0.000|0.000|-0.000|-0.000|-0.002**|-0.001*|
||(0.00)|(0.00)|(0.00)|(0.00)|(0.00)|(0.00)|(0.00)|(0.00)|(0.00)|(0.00)|(0.00)|(0.00)|
|Pension Eligible|-0.152*|-0.183***|-0.123*|0.003|-0.238***|-0.246***|-0.132***|-0.126*|-0.107***|-0.021|-0.039|0.014|
||(0.08)|(0.06)|(0.07)|(0.12)|(0.03)|(0.05)|(0.03)|(0.07)|(0.02)|(0.03)|(0.04)|(0.05)|
|Spouse Pension Eligible|0.048|0.029|0.060|-0.182***|-0.119**|-0.040|0.103|-0.055|-0.051|-0.040*|0.043|-0.070*|
||(0.07)|(0.08)|(0.10)|(0.06)|(0.05)|(0.04)|(0.08)|(0.05)|(0.05)|(0.02)|(0.10)|(0.04)|
|Average Education of Spouse and|-0.006|0.003|-0.008|0.007|-0.004|-0.010***|-0.000|-0.003|0.007***|-0.009***|-0.001|-0.000|
|Adult Children|(0.01)|(0.01)|(0.01)|(0.01)|(0.00)|(0.00)|(0.00)|(0.00)|(0.00)|(0.00)|(0.01)|(0.01)|
|Ln(Housing Wealth P.C.+1)|-0.061**|-0.013|-0.010|-0.028*|0.002|-0.001|0.002|0.003|0.017**|-0.016***|0.008|-0.024|
||(0.03)|(0.02)|(0.02)|(0.02)|(0.01)|(0.01)|(0.01)|(0.01)|(0.01)|(0.01)|(0.02)|(0.02)|
|Number of Living Parents|0.011|0.065**|0.018|-0.003|0.011|0.029**|-0.003|0.005|0.008|-0.011|0.031|-0.017|
||(0.03)|(0.03)|(0.01)|(0.02)|(0.01)|(0.01)|(0.01)|(0.01)|(0.01)|(0.01)|(0.02)|(0.02)|
|Number of Grandchildren|0.005|-0.009|-0.009**|-0.006|||||-0.006**|-0.003|0.009*|0.007**|
||(0.02)|(0.02)|(0.00)|(0.00)|||||(0.00)|(0.00)|(0.00)|(0.00)|
|(I)ADL Z-Score(W/Difficulty)|-0.049|-0.027|-0.075***|-0.072***|-0.100***|-0.068***|-0.066***|-0.072***|-0.035***|-0.013**|-0.066***|-0.008|
||(0.04)|(0.03)|(0.01)|(0.01)|(0.01)|(0.01)|(0.01)|(0.01)|(0.01)|(0.01)|(0.02)|(0.01)|
|(I)ADL Z-Score(Unable)|-0.003|-0.010|-0.080***|-0.050***|-0.110***|-0.070***|-0.135***|-0.093***|-0.033***|-0.007|-0.036***|-0.026*|
||(0.04)|(0.03)|(0.01)|(0.01)|(0.02)|(0.02)|(0.01)|(0.01)|(0.01)|(0.01)|(0.01)|(0.01)|
|Observations|256|236|1,000|1,103|1,505|2,004|1,613|2,161|3,413|4,356|1,005|1,262|
|R-squared|0.464|0.458|0.308|0.325|0.328|0.133|0.316|0.154|0.384|0.169|0.247|0.192|

Notes: These regression models contain indicator for married, spouse information not present and dummy for No-existence of Adult Children. Control variables not presented in the table are (Dummy=1 if Spouse Is Not Present), (Dummy==1 if the Individual Does Not Have Non-schooling Adult Children) and location dummies(China: county; Indonesia: Kabupaten; Korea: metropolitan city and province). Standard errors in parentheses; ***p<0.01, **p<0.05, *p<0.1 35