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Table 10 Robustness check for labour decisions—using non-age-eligible sample as a control group (propensity score 0.2–0.8)

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

 

(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

  1. Notes:
  2. 1Standard errors clustered at the household level in parentheses. ***, **, and * represent statistical significance at the 1, 5, and 10% level of significance respectively
  3. 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
  4. 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