Table 7 Post-retirement impacts on mental health

Corresponding IVnormal

0.255

(0.003)***

0.423

(0.003)***

0.652

(0.003)***

0.799

(0.003)***

Corresponding IVearly

0.191

(0.003)***

0.079

(0.003)***

− 0.073

(0.003)***

− 0.076

(0.003)***

Retired (β)

− 0.305

(0.061)***

Retired lag 1 (γ1)

0.045

(0.047)

Retired lag 2 (γ2)

− 0.025

(0.035)

Retired lag 3 (γ3)

− 0.017

(0.029)

Age

0.021

0.003

− 0.013

− 0.013

− 0.236

(0.003)***

(0.003)

(0.003)***

(0.003)***

(0.024)***

Age × Age

− 0.000

− 0.000

− 0.000

− 0.000

0.001

(0.000)***

(0.000)***

(0.000)**

(0.000)

(0.000)***

Marital status

0.008

0.011

0.013

0.010

− 0.574

(0.005)

(0.005)*

(0.005)*

(0.005)

(0.035)***

Number of children

− 0.003

− 0.003

− 0.003

− 0.001

0.016

(0.002)*

(0.002)

(0.002)*

(0.002)

(0.011)

Vigorous activities

0.002

0.000

− 0.001

− 0.001

0.050

(0.001)***

(0.001)

(0.001)

(0.001)

(0.005)***

Moderate activities

− 0.006

− 0.001

− 0.000

0.001

0.136

(0.001)***

(0.001)

(0.001)

(0.001)

(0.007)***

GDP growth

− 0.001

0.003

0.002

0.001

− 0.001

(0.000)*

(0.001)***

(0.001)***

(0.000)**

(0.004)

Unemployment rate

− 0.006

(0.000)***

− 0.006

(0.000)***

− 0.005

(0.000)***

− 0.003

(0.000)***

0.009

(0.002)***

Constant

− 0.209

0.565

1.027

1.000

10.877

(0.174)

(0.173)**

(0.174)***

(0.171)***

(1.228)***

F-test

3.68***

5.03***

4.47***

3.83***

Weak identification test

Cragg-Donald Wald F statistic

6394.216

13,399.69

25,430.88

34,772.69

Stock-Yogo weak ID test critical values

10% maximal IV size

19.93

19.93

19.93

19.93

15% maximal IV size

11.59

11.59

11.59

11.59

20% maximal IV size

8.75

8.75

8.75

8.75

25% maximal IV size

7.25

7.25

7.25

7.25

Weak-instrument-robust inference

Anderson-Rubin Wald test-F

10.38***

14.04***

2.97

0.13

Anderson-Rubin Wald test-Chi-sq(2)

20.76***

28.08***

5.93

0.27

N

175,722

175,722

175,722

175,722

173,510