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

Table 14 Robustness check for private cash transfers—accounting for misreporting of SSS payout receipt

	(1)	(2)	(3)	(4)	(5)	(6)
VARIABLES	Whether received	Amount received	Amount received (positive)	Whether gave	Amount given	Amount given (positive)
Received SS × Jan	−0.00626	14.16	13.48	0.0214	7.356	164.7
Received SS × Jan	(0.0304)	(37.17)	(48.83)	(0.0294)	(27.74)	(162.1)
Received SS × Feb	0.00809	30.29	62.82	0.0395	0.511	9.627
Received SS × Feb	(0.0287)	(33.56)	(41.73)	(0.0330)	(29.00)	(185.8)
Received SS × Mar	0.0428	37.94	35.43	0.00900	−23.07	−0.651
Received SS × Mar	(0.0262)	(28.67)	(36.33)	(0.0266)	(23.51)	(120.2)
Received SS × announce-to-pay × received in 2016 and 2017	−0.0112	11.46	47.62	0.0387*	0.134	−8.465
Received SS × announce-to-pay × received in 2016 and 2017	(0.0247)	(24.74)	(36.80)	(0.0201)	(19.29)	(140.1)
Received SS × post-pay × received in 2016 and 2017	−0.00349	47.11	79.30*	0.0134	− 18.00	−44.57
Received SS × post-pay × received in 2016 and 2017	(0.0242)	(31.67)	(47.94)	(0.0221)	(22.42)	(112.4)
Observations	15,486	15,451	9100	15,424	15,400	1940
R-squared	0.734	0.773	0.773	0.426	0.197	0.523

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. All transfer values are reported at the couple (respondent and spouse if respondent is married) and monthly level. Columns (3) and (6) include only responses with positive values
³Results are estimates of coefficients in Eq. (3). In the interest of space, we show only the coefficients from interacting the policy variables with the dummy which represents the subset of individuals who reported receiving SSS payout at least once in 2016 and at least once in 2017. The suppressed category of individuals are those who reported not receiving SSS payout in 2016 and 2017. The sample is restricted to respondents who are age-eligible for SSS (i.e. aged 65 and above in 2016), Singapore citizens, live in public housing flats, and with a propensity score of 0.2–0.8