{\rtf1\fs24

\trowd\trgaph75\trleft-75\intbl\trqc\clbrdrt\brdrs\cellx1872\clbrdrt\brdrs\
cellx3312\clbrdrt\brdrs\cellx4752
\ql \cell\qc (1)\cell\qc (2)\cell\row
\trowd\trgaph75\trleft-75\trqc\cellx1872\cellx3312\cellx4752
\trowd\trgaph75\trleft-75\trqc\clbrdrb\brdrs\cellx1872\clbrdrb\brdrs\cellx3312\
clbrdrb\brdrs\cellx4752
\ql VARIABLES\cell\qc pension\cell\qc /\cell\row
\trowd\trgaph75\trleft-75\trqc\cellx1872\cellx3312\cellx4752
\ql \cell\qc \cell\qc \cell\row
\ql exper\cell\qc 5.203\cell\qc 5.203\cell\row
\ql \cell\qc (6.010)\cell\qc (6.010)\cell\row
\ql age\cell\qc -4.639\cell\qc -4.639\cell\row
\ql \cell\qc (5.711)\cell\qc (5.711)\cell\row
\ql tenure\cell\qc 36.02***\cell\qc 36.02***\cell\row
\ql \cell\qc (4.565)\cell\qc (4.565)\cell\row
\ql educ\cell\qc 93.21***\cell\qc 93.21***\cell\row
\ql \cell\qc (10.89)\cell\qc (10.89)\cell\row
\ql depends\cell\qc 35.28\cell\qc 35.28\cell\row
\ql \cell\qc (21.92)\cell\qc (21.92)\cell\row
\ql married\cell\qc 53.69\cell\qc 53.69\cell\row
\ql \cell\qc (71.74)\cell\qc (71.74)\cell\row
\ql white\cell\qc 144.1\cell\qc 144.1\cell\row
\ql \cell\qc (102.1)\cell\qc (102.1)\cell\row
\ql male\cell\qc 308.2***\cell\qc 308.2***\cell\row
\ql \cell\qc (69.89)\cell\qc (69.89)\cell\row
\ql Constant\cell\qc -1,252***\cell\qc -1,252***\cell\row
\ql \cell\qc (219.1)\cell\qc (219.1)\cell\row
\ql \cell\qc \cell\qc \cell\row
\trowd\trgaph75\trleft-75\trqc\trbrdrb\brdrs\clbrdrb\brdrs\cellx1872\clbrdrb\brdrs\
cellx3312\clbrdrb\brdrs\cellx4752
\ql Observations\cell\qc 616\cell\qc 616\cell\row
\pard\qc
Standard errors in parentheses\par
*** p<0.01, ** p<0.05, * p<0.1\par
}