Heterogeneity in Health and Mortality Risk Among Early Retiree Men

by Hilary Waldron
ORES Working Paper No. 105 (released May 2004)
Table equivalent for Chart 1. Log-odds of self-reporting a lower health category, by age of retirement subdivided by average lifetime earnings
Retirement-age and average lifetime earnings category Average lifetime earnings
AGE62A, earn1 1.3433
AGE62B to AGE63, earn1 0.8946
AGE64, earn1 0.7146
AGE65, earn1 0.7713
AGE62A, earn2 0.7396
AGE62A, earn3 0.5818
AGE62B TO AGE63, earn2—earn3 0.5032
AGE64, earn2—earn3 0.5027
AGE62A, earn4 0.2966
AGE62B to AGE63, earn4 0.0942
AGE64, earn4 -0.0186
SOURCE: Author's calculations based on Table 6, Model 1, column 1.
NOTE: Reference variable = AGE65 and earn2—earn4.
Table equivalent for Chart 2. Log-odds of self-reporting a lower health category, by age of retirement subdivided by average lifetime earnings
Retirement age Average
lifetime
earnings
AGE62A 1.4874
AGE62B 0.9669
AGE63 1.1117
AGE64 0.8577
AGE65 0.9151
AGE62A 0.8812
AGE62B 0.5391
AGE63 1.0999
AGE64 0.725
AGE65 0.3932
AGE62A 0.7224
AGE62B 0.5437
AGE63 0.437
AGE64 0.5562
AGE65 0.0884
AGE62A 0.4375
AGE62B 0.0789
AGE63 0.3848
AGE64 0.1222
SOURCE: Author's calculations based on Table 6, Model 2, column 3.
NOTE: Reference variable = AGE65 and earn4.
Table equivalent for Chart 3. Log-odds of self-reporting a lower health category, by age of retirement subdivided by receipt of a pension other than Social Security
Retirement age With
pension		 Without
pension
AGE62A 0.3987 1.0346
AGE62B to AGE63 0.2586 0.5645
AGE64 0.1955 0.4461
SOURCE: Author's calculations based on Table 8, Model 1.
NOTE: Reference variable = AGE65.
Table equivalent for Chart 4. Log-odds of self-reporting a lower health category, by age of retirement subdivided by level of non-Social Security penion income
Retirement age Pension 1 Pension 2 Pension 3 Pension 4 Without
pension
AGE62A 1.3562 1.1385 0.6513 0.308 1.4803
AGE62B to AGE63 0.9694 0.6321 0.8098 0.2389 1.0074
AGE64 0.7475 0.9403 0.4846 0.1869 0.8875
AGE65 0.3935 0.7515 0.4136 . . . 0.5552
SOURCE: Author's calculations based on Table 10, Model 3.
NOTES: Reference variable = AGE65, pension4.
. . . = not applicable.
Table equivalent for Chart 5. Life expectancy at age 65, by retirement-age and earnings subgroups (for married, white, college educated men born in 1930)
Average relative lifetime
earnings category		 Life expectancy
AGE62A
Earn1 81.26
Earn2 82.83
Earn3 82.07
Earn4 82.61
AGE62B to AGE63
Earn1 83.13
Earn2—earn3 82.77
Earn 4 83.41
AGE64
Earn1 82.37
Earn2—earn3 83.55
Earn4 85.11
AGE65
Earn1 84.39
Earn2—earn4 84.4
SOURCE: Author's calculations based on Table 19, Model 1, column 1.
Table equivalent for Appendix Chart 1. Social Security real taxable maximum and real national average wage series, by year
Year Real Social
Security
taxable
maximum		 Real national
average wage
index
1953 16.8533 21.3608
1954 16.9159 21.28175
1955 16.8638 24.90542
1956 17.1141 24.54117
1957 17.6929 23.73834
1958 18.1726 23.11172
1959 18.3291 26.18787
1960 18.6159 25.78441
1961 18.8244 25.49882
1962 19.0382 25.21247
1963 19.2885 24.88529
1964 19.5336 24.57304
1965 19.8413 24.19196
1966 20.4357 32.29642
1967 20.9989 31.43022
1968 21.8801 35.64883
1969 23.0795 33.79623
1970 24.4196 31.94152
1971 25.4782 30.61441
1972 26.3177 34.19752
1973 27.9551 38.63338
1974 31.0316 42.53728
1975 33.8736 41.62534
1976 35.8081 42.72776
1977 38.1338 43.2687
1978 41.0331 43.13591
1979 45.721 50.08639
1980 51.8897 49.91357
1981 57.2086 51.91527
1982 60.6345 53.43493
1983 62.4752 57.14267
1984 64.6132 58.50198
1985 66.9024 59.1907
1986 67.94 61.81925
1987 70.3857 --
1988 73.1807 --
1989 76.7057 --
1990 80.7469 --
1991 84.006 --
1992 86.4516 --
1993 88.892 --
1994 91.1343 --
1995 93.7102 --
1996 96.4531 --
1997 98.62 --
1998 100 --
SOURCE: Social Security Administration's Office of the Chief Actuaries Average Wage Index Series and Taxable Maximum Series connected into real dollars by author.
NOTE: -- = not available.