Skip to main content

Advertisement

Table 16 Robustness check for private cash transfers—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) (5) (6)
VARIABLES Whether received Amount received Amount received (positive) Whether gave Amount given Amount given (positive)
Received SS × Jan −0.0301 62.92* 83.45* 0.0309 7.882 49.61
(0.0301) (32.81) (45.29) (0.0286) (28.57) (140.7)
Received SS × Feb 0.0331 68.68** 84.36* 0.0405 −33.12 −74.74
(0.0283) (32.12) (47.67) (0.0333) (33.01) (152.3)
Received SS × Mar 0.0218 44.33* 39.39 −0.00201 −18.68 39.67
(0.0250) (25.09) (35.54) (0.0272) (25.24) (100.2)
Received SS × announce-to-pay −0.0160 21.05 51.52* 0.00181 −0.137 −3.835
(0.0211) (21.33) (29.28) (0.0197) (18.47) (106.6)
Received SS × post-pay −0.0170 26.21 42.24 0.00697 −4.933 −26.99
(0.0209) (25.12) (35.87) (0.0210) (19.56) (83.39)
Observations 16,846 16,818 7514 16,760 16,739 3336
R-squared 0.763 0.814 0.834 0.536 0.307 0.550
  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. 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
  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