Table 1 Estimates of the effect of retirement on (the dimensions of) loneliness.

From: The impact of retirement on loneliness in Europe

 

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

Loneliness

Isolated

Left out

Lack companionship

FE

FE-IV

FE

FE-IV

FE

FE-IV

FE

FE-IV

Retired \({R}_{t}\)

-0.016

0.135

0.003

0.039

-0.025**

0.012

-0.005

0.031

(short-term)

(0.030)

(0.126)

(0.010)

(0.042)

(0.011)

(0.044)

(0.013)

(0.054)

Retired \({R}_{t-1}\)

-0.001

-0.300***

-0.007

-0.114***

0.014

-0.052

0.002

-0.086*

(long-term)

(0.032)

(0.095)

(0.011)

(0.030)

(0.012)

(0.039)

(0.014)

(0.055)

First stage

-

0.271***

-

0.271***

-

0.271***

-

0.271***

  

(0.021)

 

(0.021)

 

(0.021)

 

(0.021)

First stage F

-

173.63

-

173.63

-

173.63

-

173.63

# Observations

39,398

39,398

39,398

39,398

39,398

39,398

39,398

39,398

# Individuals

19,699

19,699

19,699

19,699

19,699

19,699

19,699

19,699

  1. Note: Estimates of the effect of retirement in the short- and longer-term (separate regressions). Column (1) shows estimates of the endogenous fixed effect regressions (FE), and column (2) shows the results of the fixed effect 2SLS regressions (FE-IV), our main results. Columns (3) and (4) show estimates of the effect of retirement on the probability of feeling isolated most or all of the time, and columns (5) and (6) on the probability of feeling left out most or all of the time, and columns (7) and (8) on the probability of feeling a lack of companionship most or all of the time. All regressions include control variables from Eqs. (1) and (2). Standard errors clustered at the individual level and at the policy level (age*gender*country) are in parentheses. *** p < 0.01, ** p < 0.05, * p < 0.1.0.