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Correlational findings

Study Olivera & Ponomarenko (2017): study ZZ Europe 2006

Public
50+ aged, not yet retired, 18 European Nations, 2006, 2011.
Survey name
SHARE
Sample
Respondents
N = 15389
Non Response
Assessment
Interview: Computer Assisted Personal Interview (CAPI)

Correlate

Authors's Label
pension insecurity
Our Classification
Remarks
Using pricipal component analysis to aggregate the items, tthe first component labeled as pension insecurity. This component explains 74.5% of the variance.
Distribution
M=0.48, SD=0.31
Related specification variables
Operationalization
Self report on 2 questions:
A: Perceived chance of pension reduction:
What are the chances that before you retire the government will reduce the pension which you are entitled to?
B. Chance of retirement age increase:
What are the chances that before you retire the government will raise your retirement age?

Ranged from 0 to 1

Observed Relation with Happiness

Happiness Measure Statistics Elaboration / Remarks O-SLu-u-sq-n-11-c Beta = -.05 p < .01 Hapiness by insecurity about future public pension
A. Chance of pension reduction  Beta: -.06 (01)
B. Chance of age increase       Beta: -.03 (05)
O-SLu-u-sq-n-11-c Beta = - Specification by closeness to retirement
         Q1      Q2      Q3     Q4      Q5
      (CLOSEST)                     (FURTHEST)
-----------------------------------------------
Beta    -.02    -.06    -.06   -.05     -.04
pvalue  (ns)    (05)    (01)    (ns)     (05)
O-SLu-u-sq-n-11-c Beta = - Speficifation by income
        Q1      Q2      Q3     Q4       Q5
     (poorest)                      (richest)
-----------------------------------------------
Beta    -.07    -.05    -.06   -.03    -.03
pvalue  (ns)    (05)    (05)   (ns)    (ns)
O-SLu-u-sq-n-11-c Beta = - Speficifation by self-belief suvial

         Q1      Q2      Q3     Q4       Q5
      (lowest)                       (highest)
-----------------------------------------------
Beta    -.09    -.02    -.04   -.06    -.02
pvalue  (05)    (01)    (ns)   (01)    (ns)
O-SLu-u-sq-n-11-c Beta = - Speficifation by cognitive function

         Q1      Q2      Q3     Q4       Q5
      (lowest)                       (highest)
-----------------------------------------------
Beta    -.03    -.02    -.06   -.06    -.08
pvalue  (ns)    (ns)    (01)   (05)    (01)
O-SLu-u-sq-n-11-c Beta = - Speficifation by type of pension entilement
- Public & private   Beta: -.03 (01)
- Private only       Beta: -.01 (ns)
- Public only        Beta: -.07 (01)

Betas controlled for:
- married
- working
- education
- age
- chronic disease
- household income
- home ownership
- year, country and their interation