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Table 2 Overall impact of receiving SSS payouts on labour decisions

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 0.006 24.920 − 182.536 −2.311
(0.021) (69.479) (154.643) (3.304)
Received SS × Feb 0.010 29.468 7.444
(0.020) (34.471) (91.964)
Received SS × Mar 0.021 57.272 − 118.865
(0.020) (48.284) (217.277)
Received SS × announce-to-pay 0.012 97.578 66.047 −2.117
(0.018) (78.829) (92.580) (3.194)
Received SS × post-pay −0.010 67.668 44.921 −4.335
(0.017) (68.360) (98.466) (2.950)
Mean 0.27 331 1229 18.55
S.D. 0.45 894 1366 30.38
Observations 16,062 15,997 4596 3536
R-squared 0.81 0.70 0.75 0.64
  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 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
  5. 4Mean and standard deviation statistics are based on pre-announcement levels of the dependent variable for respondents who received SSS payouts