Low unemployment at exit (<5%) Low unemployment at exit (<5%) Low unemployment at exit (<5%) High unemployment at exit (>=5%) High unemployment at exit (>=5%)
Table 1A: Descriptive Statistics, by Unemployment Rate at Time of Military Exit Low unemployment at exit (<5%) Low unemployment at exit (<5%) Low unemployment at exit (<5%) High unemployment at exit (>=5%) High unemployment at exit (>=5%) Age Age 58.96 58.96 58.96 57.93 57.93 Gender: Gender: Male 0.98 0.98 0.98 0.98 0.98 Female 0.02 0.02 0.02 0.02 0.02 Race/Ethnicity: Race/Ethnicity: White White 0.86 0.86 0.86 0.88 0.88 Black Black 0.11 0.11 0.11 0.09 0.09 Other Other 0.03 0.03 0.03 0.03 0.03 Service related disability? Service related disability? No 0.38 0.38 0.38 0.22 0.22 Yes 0.05 0.05 0.05 0.03 0.03 Unknown 0.57 0.57 0.57 0.76 0.76 Age at enlistment Age at enlistment 19.56 19.56 19.56 19.66 19.66 Age at exit from Active Service Age at exit from Active Service 22.03 22.03 22.03 22.18 22.18 Years since exited from Active Service Years since exited from Active Service 37.35 37.35 37.35 36.20 36.20 Unemployment rate in enlistment year (%) Unemployment rate in enlistment year (%) 4.31 4.31 4.31 5.07 5.07 Unemployment rate in exit year (%) Unemployment rate in exit year (%) 3.99 3.99 3.99 5.88 5.88 Education: Education: Less than High School 0.13 0.13 0.13 0.11 0.11 GED 0.08 0.08 0.08 0.08 0.08 High School 0.32 0.32 0.32 0.33 0.33 Some college 0.28 0.28 0.28 0.28 0.28 College or more 0.19 0.19 0.19 0.21 0.21 Lives in a coupled Household? Lives in a coupled Household? No 0.15 0.15 0.15 0.17 0.17 Yes 0.85 0.85 0.85 0.83 0.83 Marital Status: Marital Status: Married 0.81 0.81 0.81 0.79 0.79 Married, spouse absent 0.00 0.00 0.00 0.00 0.00 Separated 0.02 0.02 0.02 0.02 0.02 Divorced 0.11 0.11 0.11 0.13 0.13 Widowed 0.03 0.03 0.03 0.03 0.03 Never Married 0.03 0.03 0.03 0.03 0.03 Unknown 0.00 0.00 0.00 0.00 0.00 Annual Earnings (2016 $) Annual Earnings (2016 $) 5 years after exit 28,124 28,124 28,124 29,674 29,674 10 years after exit 32,056 32,056 32,056 36,487 36,487 15 years after exit 34,792 34,792 34,792 42,073 42,073 20 years after exit 40,607 40,607 40,607 43,879 43,879 25 years after exit 44,538 44,538 44,538 45,651 45,651 30 years after exit 43,337 43,337 43,337 45,560 45,560 35 years after exit 37,899 37,899 37,899 40,367 40,367 40 years after exit 27,240 27,240 27,240 29,464 29,464 Pre-retirement wealth (<65 years old, 2016$) Pre-retirement wealth (<65 years old, 2016$) Prospective SS wealth 176,157 176,157 176,157 174,401 174,401 Financial Wealth 104,232 104,232 104,232 107,579 107,579 Other Real State 52,728 52,728 52,728 71,214 71,214 Vehicles 24,255 24,255 24,255 24,429 24,429 Businesses 42,643 42,643 42,643 51,587 51,587 IRA 63,901 63,901 63,901 65,343 65,343 Primary Residency 128,792 128,792 128,792 131,542 131,542 Secondary Residency 18,187 18,187 18,187 20,552 20,552 Employer pension 291,514 291,514 291,514 280,163 280,163 Labor force status between 60-70 years old: Labor force status between 60-70 years old: Works Full Time 0.27 0.27 0.27 0.31 0.31 Works Part Time 0.03 0.03 0.03 0.03 0.03 Unemployed 0.01 0.01 0.01 0.02 0.02 Partly Retired 0.14 0.14 0.14 0.15 0.15 Retired 0.53 0.53 0.53 0.46 0.46 Disabled 0.02 0.02 0.02 0.02 0.02 Not in the Labor Force 0.01 0.01 0.01 0.01 0.01 Note: Calculations based on 12,081 person-year observations. Note: Calculations based on 12,081 person-year observations. Note: Calculations based on 12,081 person-year observations.