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Table 4 The placebo test

From: Effect of retirement on medical reimbursement expenses—evidence from China

Variables

Breakpoint at 55

Breakpoint at 65

(7)

(8)

(9)

(10)

(11)

(12)

Reimbursement expenses (outpatient)

reimbursement expenses (inpatient)

reimbursement expenses (medicine)

reimbursement expenses (outpatient)

Reimbursement expenses (inpatient)

Reimbursement expenses (medicine)

retirement

-0.072 (1.040)

2.558 (13.184)

-0.231 (0.508)

-16.851 (75.241)

-5.955 (10.181)

46.692 (1659.648)

Bandwidth

45

45

45

45

45

45

Order

1

1

1

1

1

1

Control variables

YES

YES

YES

YES

YES

YES

N

4568

640

14,380

4568

640

14,380

  1. *p < 0.10, ** p < 0.05, *** p < 0.01
  2. Standard errors are in parentheses
  3. The triangular kernel function was used nonparametric estimation
  4. Age, square of age, years of education, marital status, living with children, and household assets were control variables