| |
(1)
|
(2)
|
(3)
|
(4)
|
|---|
|
VARIABLES
|
Whether received income
|
Amount received
|
Amount received (positive)
|
Probability of working full- time after age 70
|
|---|
|
Received SS × Jan
|
−0.00291
|
88.68
|
−3.822
|
−3.999
|
|
(0.0213)
|
(70.25)
|
(135.6)
|
(3.207)
|
|
Received SS × Feb
|
0.0131
|
103.3**
|
132.3
|
–
|
|
(0.0202)
|
(42.31)
|
(89.68)
|
–
|
|
Received SS × Mar
|
−0.000928
|
23.89
|
−84.87
|
–
|
|
(0.0196)
|
(60.51)
|
(216.4)
|
–
|
|
Received SS × announce-to-pay
|
−0.00325
|
106.4
|
116.0
|
−1.452
|
|
(0.0177)
|
(83.44)
|
(93.47)
|
(3.167)
|
|
Received SS × post-pay
|
−0.0257
|
50.34
|
45.48
|
−3.421
|
|
(0.0166)
|
(71.65)
|
(91.28)
|
(2.827)
|
|
Observations
|
17,500
|
17,458
|
8234
|
4962
|
|
R-squared
|
0.806
|
0.740
|
0.731
|
0.623
|
- Notes:
- 1Standard errors clustered at the household level in parentheses. ***, **, and * represent statistical significance at the 1, 5, and 10% level of significance respectively
- 2Dependent variables are shown at the top of each column. Values in columns (1)–(3) are reported at the individual and monthly level, with column (3) including only responses with positive values. Values in column (4) are collected at the individual level every quarter
- 3Results are estimates of coefficients in Eq. (1). The sample is restricted to respondents who are Singapore citizens, live in public housing flats, and with a propensity score of 0.2–0.8. The treated group consists of individuals aged 65 and above in 2016 who received SSS payouts, while the control group consists of younger individuals aged 56 to 63 in 2016 who are not age eligible to receive SSS payouts yet
