Text table 2
Selected Ordinary Least Squares (OLS) regression results on earnings replacement rates achieved by retired men
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| Quintile 1 | Quintile 2 | Quintile 3 | Quintile 4 | Quintile 5 | |
|---|---|---|---|---|---|
| percent | |||||
| Panel 1, 2006 | |||||
| Unadjusted replacement rate | |||||
| No pension (reference group) | … | … | … | … | … |
| Pension | ns | ns | ns | ns | ns |
| Panel 2, 2005 to 2007 | |||||
| Unadjusted replacement rate | |||||
| No pension (reference group) | … | … | … | … | … |
| Pension | ns | -0.039 | ns | ns | ns |
| Panel 3, 2006 | |||||
| Log replacement rate | |||||
| No pension (reference group) | … | … | … | … | … |
| Pension | 0.054 | 0.064 | 0.081 | 0.104 | 0.190 |
| Panel 4, 2005 to 2007 | |||||
| Log replacement rate | |||||
| No pension (reference group) | … | … | … | … | … |
| Pension | 0.038 | 0.057 | 0.050 | 0.089 | 0.164 |
Note(s):
ns stands for not statistically significant.
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