Working Baby Boomers’ Knowledge of Retiree Health Benefits and Costs Page: 77
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The multiple regression results (see Table 9) do not show that the independent
variables are associated with health costs knowledge. The results in Table 10 show the
independent variable age to have a strong positive association with knowledge-seeking
behavior, that is, older Baby Boomers appear more likely to have engaged in
knowledge-seeking behavior.
Table 9
Relationship of Independent Variables to Intervening Variable Health Costs Knowledge
Independent variables Co-efficient Standard Error t value
Older Baby Boomer (1946-1955) 0.047 0.027 1.72
Female -0.292 0.267 -1.09
Excellent health 0.022 0.310 0.07
Household income over $75,000 0.165 0.298 0.55
Married -0.522 0.332 -1.57
Some college or more 0.126 0.337 0.37
Table 10
Relationship of Independent Variables to Intervening Variable Knowledge-Seeking
Behavior
Independent variables Co-efficient Standard Error t value
Older Baby Boomer (1946-1955) 0.078* 0.031 2.55
Female 0.156 0.302 0.51
Excellent health -0.045 0.349 -0.13
Over $75,000 -0.124 0.336 -0.37
Married 0.067 0.376 0.18
Some college or more 0.468 0.380 1.23
* Significant at the .05 level. ** Significant at the .01 level.
The logistic regression results in Table 11 show that the public sector working
Baby Boomers who demonstrate higher levels of knowledge-seeking behavior are more
likely to undertake retirement planning by purchasing an annuity. No other factor
predicts purchase of an annuity. Only age explains, positively, purchase of long-term
care insurance (see Table 12).77
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Henning, Janet L. Working Baby Boomers’ Knowledge of Retiree Health Benefits and Costs, dissertation, August 2012; Denton, Texas. (https://digital.library.unt.edu/ark:/67531/metadc149607/m1/85/: accessed April 20, 2024), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; .