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Table 1 Summary statistics for baseline demographics—comparison between those who received and did not receive SSS payout, among individuals aged 65 and above in 2016

From: The effect of non-contributory pensions on labour supply and private income transfers: evidence from Singapore

  Untrimmed sample Trimmed sample (propensity score 0.2–0.8)
Mean Norm diff2 Diff in means3 Mean Norm diff2 Diff in means3
SS (N1 = 429) No SS (N1 = 1246) SS (N1 = 326) No SS (N1 = 564)
Age at 2016 68.86 68.03 0.28 0.83*** 68.99 68.67 0.10 0.32
Married 0.69 0.77 −0.18 −0.08*** 0.67 0.72 −0.12 − 0.05*
Male 0.40 0.54 −0.30 −0.15*** 0.34 0.39 −0.11 −0.05
Chinese 0.87 0.87 0.01 0.00 0.88 0.90 −0.05 −0.02
Malay 0.07 0.07 0.00 0.00 0.06 0.06 0.02 0.01
Indian 0.05 0.05 0.01 0.00 0.05 0.04 0.03 0.01
No formal schooling 0.17 0.12 0.13 0.05** 0.17 0.15 0.06 0.02
Primary schooling 0.35 0.26 0.20 0.09*** 0.40 0.37 0.06 0.03
Secondary schooling 0.36 0.41 −0.11 −0.05* 0.36 0.36 0.00 0.00
Lives in 1-room flat 0.05 0.01 0.22 0.04*** 0.05 0.02 0.14 0.03*
Lives in 2-room flat 0.05 0.02 0.15 0.03** 0.05 0.03 0.06 0.01
Lives in 3-room flat 0.33 0.21 0.27 0.12*** 0.39 0.33 0.11 0.05
Lives in 4-room flat 0.36 0.37 −0.03 −0.01 0.36 0.40 −0.09 − 0.04
Lives in 5-room flat 0.16 0.29 −0.32 −0.13*** 0.12 0.15 −0.11 −0.04
Owns home 0.83 0.88 −0.15 −0.05** 0.82 0.84 −0.04 −0.01
No. of hh members 2.95 3.28 −0.22 −0.33*** 2.83 3.02 −0.13 −0.19*
No. of total children 2.18 2.15 0.02 0.03 2.14 2.21 −0.05 −0.07
Retirement preparedness4 2.17 2.33 −0.18 −0.16*** 2.12 2.15 −0.04 −0.03
  1. Notes:
  2. 1N refers to number of respondents
  3. 2Normalised differences are computed as in Imbens (2015) (as the difference in means standardised by the square root of the mean variance of both groups)
  4. 3***, **, * represent statistical significance at the 10, 5, and 1% levels respectively, based on a t-test
  5. 4This is a self-assessment on preparedness for retirement, captured on a scale of 1 to 5, with a higher value representing greater preparedness. This was captured during the baseline survey, which was conducted before the announcement of details on the Silver Support Scheme