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Table 4 Conditional fixed effects logit estimates of the probability of living a happiest year in life by birth cohort (average semi-elasticities)

From: The Best Years of Older Europeans’ Lives

  Birth cohort
1928–1938 1938–1948  > 1949
Age (ref. 10–14)
15–19 0.431*** 0.355*** 0.153**
  (0.076) (0.059) (0.063)
20–24 1.002*** 0.899*** 0.614***
  (0.094) (0.075) (0.082)
25–29 1.163*** 1.113*** 0.866***
  (0.108) (0.087) (0.096)
30–34 1.225*** 1.141*** 0.820***
  (0.120) (0.097) (0.109)
35–39 1.089*** 0.948*** 0.725***
  (0.132) (0.107) (0.122)
40–44 0.885*** 0.802*** 0.648***
  (0.145) (0.118) (0.135)
45–49 0.691*** 0.687*** 0.594***
  (0.158) (0.129) (0.149)
50–54 0.579*** 0.625*** 0.526***
  (0.171) (0.141) (0.163)
55–59 0.523*** 0.599*** 0.358**
  (0.185) (0.153) (0.180)
60–64 0.478** 0.562***  
  (0.199) (0.166)  
65–69 0.332 0.432**  
  (0.214) (0.183)  
70–74 0.237   
  (0.229)   
75–80 0.117   
  (0.247)   
Socio-demographic
Cohabiting with a partner 2.122*** 1.816*** 1.628***
  (0.031) (0.025) (0.028)
One child 1.490*** 1.452*** 1.609***
  (0.042) (0.033) (0.035)
Two children 1.249*** 1.346*** 1.393***
  (0.044) (0.035) (0.037)
Three or more children 1.131*** 1.294*** 1.350***
  (0.051) (0.043) (0.046)
Years of schooling 0.023* 0.049*** 0.008
  (0.012) (0.008) (0.008)
Student 0.387*** 0.066 −0.099**
  (0.072) (0.051) (0.049)
Unemployment −0.121 −0.366*** −0.356***
  (0.103) (0.072) (0.065)
Retired 0.220*** 0.062** −0.073
  (0.033) (0.031) (0.062)
Other inactive status −0.070** −0.143*** 0.011
  (0.028) (0.025) (0.029)
Family and life events
Year start own household 0.429*** 0.306*** 0.259***
  (0.061) (0.047) (0.049)
Child birth 0.485*** 0.498*** 0.592***
  (0.041) (0.033) (0.036)
Death of a child −0.643*** −0.897*** −0.500**
  (0.163) (0.189) (0.229)
Death of partner −0.250** −0.735*** −0.758***
  (0.114) (0.140) (0.225)
Episode of illness −0.739*** −0.398*** −0.532***
  (0.033) (0.028) (0.036)
Episode of financial hardship −0.167*** −0.097*** −0.280***
  (0.034) (0.029) (0.031)
Episode of stress −0.978*** −0.942*** −0.879***
  (0.029) (0.023) (0.026)
Institutionalized −0.406** −0.646*** −0.763***
  (0.165) (0.140) (0.179)
Episode of hunger −0.447*** −1.566*** −1.075***
  (0.131) (0.172) (0.223)
Disposessed due to persecution 0.573 −0.438 −9.150
  (0.417) (0.687) (377.973)
Country context    
Log(per capita GDP) 0.212*** −0.202*** −0.199***
  (0.058) (0.057) (0.070)
War period −0.330*** −10.642  
  (0.097) (343.286)  
Individual fixed effects Yes Yes Yes
Time: 5.year dummies Yes Yes Yes
Individuals 4,746 6,772 5,804
N 310,478 373,806 269,760
  1. Reported values are conditional logit estimates with standard errors in parentheses. Columns [5] reports average semi−elasticities for dummy variables, in addition to continuous variables and average elasticities for logged variables, computed as in Kemp and Santos Silva (2016) by using the STATA routine –aextlogit–. *p < 0.1, **p < 0.05, ***p < 0.01