Gerontocracy in Motion? – European Cross-Country Evidence on the Labor Market Consequences of Population Ageing



36


Michael Fertig and Christoph M. Schmidt

Table 5

Summary Statistics of Variables

Variable

Complete sample

Restricted sample-Men

mean

standard-
deviation

mean

standard-
deviation

Dependent variable

Employed

0.629

0.483

0.744

0.436

Individual characteristics

Age in age group below 30

6.580

10.623

6.645

10.652

Age squared in age group below 30

156.147

264.464

157.611

265.186

Age in age group 30-55

23.950

21.571

23.870

21.558

Age squared in age group 30-55

1038.878

1020.957

1034.535

1019.714

Age in age group above 55

8.749

21.188

8.644

21.076

Age squared in age group above 55

525.451

1276.645

518.931

1269.245

Female

0.511

0.500

-

-

Medium education

0.318

0.466

0.320

0.467

Low Education

0.474

0.499

0.472

0.499

Disability

0.199

0.399

0.190

0.392

Variables measuring demographic change

Relative own cohort size

6.878

1.027

6.886

1.027

Relative own cohort size squared

48.359

13.852

48.477

13.875

Share of highly educated in cohort

20.97

16.70

20.86

16.51

Country indicators

UK

0.072

0.258

0.068

0.252

Germany

0.098

0.297

0.098

0.298

Denmark

0.034

0.181

0.034

0.181

The Netherlands

0.075

0.264

0.073

0.260

Belgium

0.040

0.196

0.039

0.193

France

0.085

0.279

0.085

0.279

Ireland

0.045

0.207

0.046

0.210

Italy

0.128

0.335

0.130

0.337

Greece

0.072

0.258

0.071

0.257

Spain

0.104

0.305

0.105

0.306

Portugal

0.087

0.282

0.087

0.282

Austria

0.050

0.219

0.051

0.220

Finland

0.063

0.242

0.064

0.244

Sweden

0.047

0.212

0.048

0.215

Number of observations

98,568

48,172

RWI

ESSEN



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