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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