Please note the asterisks in Tables 2, 4 and A1 are incorrect. The Tables should have appeared as follows:
Table 2. Pension contribution ratios and expected contribution cuts
![](https://static.cambridge.org/binary/version/id/urn:cambridge.org:id:binary-alt:20170203123933-00840-mediumThumb-S1474747215000293_tab1.jpg?pub-status=live)
Notes: Significance ***p < 0.01, **p < 0.05, *p < 0.10.
Table 4. Robustness checks: unexpected deficits and state pension contribution ratios
![](https://static.cambridge.org/binary/version/id/urn:cambridge.org:id:binary-alt:20170203123933-67279-mediumThumb-S1474747215000293_tab2.jpg?pub-status=live)
Notes: Significance ***p < 0.01, **p < 0.05, *p < 0.10.
Table A1. Year fixed effects: unexpected deficits and state pension contribution ratios
![](https://static.cambridge.org/binary/version/id/urn:cambridge.org:id:binary-alt:20170203123933-49487-mediumThumb-S1474747215000293_tab3.jpg?pub-status=live)
Notes: Significance ***p < 0.01, **p < 0.05, *p < 0.10.