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Table 22 Temporal impact of receiving SSS payouts on expenditure

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

  (1) (2) (3) (4) (5) (6) (7) (8) (9)
VARIABLES Total Durables Durables subset Non-durables Food Tobacco Clothes /Personal care Health Leisure
Received SS × Jan 10.96 25.42 17.15 −13.56 − 10.34 − 1.938 −0.111 3.104 1.202
(105.7) (47.89) (44.50) (85.97) (22.58) (1.984) (10.43) (27.82) (32.62)
Received SS × Feb 170.4 78.94 50.26 91.79 18.00 1.000 7.930 −12.82 39.06
(117.3) (49.61) (41.93) (100.4) (21.92) (2.097) (8.395) (26.39) (54.58)
Received SS × Mar 221.6 52.35 50.50 170.5 −9.365 −2.991 1.495 −14.51 40.79
(179.1) (49.03) (46.32) (167.2) (19.99) (2.499) (7.264) (27.42) (53.17)
Received SS × announce-to-pay 93.58 62.38* 57.99** 34.20 24.85 −1.395 11.16** −34.18 7.451
(95.86) (32.30) (26.03) (84.04) (16.19) (1.898) (5.537) (31.45) (28.71)
Received SS × Aug-Sep 2016 185.7* 79.09** 63.42** 106.0 2.166 −1.336 8.770 16.14 29.78
(98.10) (35.30) (28.42) (82.81) (18.38) (2.097) (6.582) (29.40) (39.63)
Received SS × Oct-Dec 2016 94.09 48.21 32.89 46.20 6.902 −0.726 4.595 −1.649 −2.303
(95.73) (39.94) (34.76) (78.81) (18.41) (2.414) (6.789) (26.37) (28.84)
Received SS × Jan-Mar 2017 75.33 47.37 39.31 27.60 −13.18 −1.812 3.015 2.897 13.82
(105.9) (33.80) (29.08) (92.86) (19.71) (2.278) (6.099) (26.67) (32.91)
Received SS × Apr-May 2017 125.5 62.46 49.35 63.29 −11.86 −1.848 9.350 10.25 9.948
(106.2) (38.58) (34.65) (95.81) (19.91) (2.799) (8.237) (33.34) (36.45)
Observations 15,970 16,019 16,019 15,970 16,019 15,909 15,914 16,019 16,019
R-squared 0.384 0.128 0.124 0.440 0.727 0.848 0.383 0.197 0.183
  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 expenditure values are reported at the couple (respondent and spouse if respondent is married) and monthly level. Total expenditure excludes cash gifts. Durables include furniture/furnishings, household appliances, home and vehicle repair/maintenance. Durables subset includes only furniture/furnishings and household appliances. Non-durables are based on the difference between total expenditure and durables. The sub-categories of non-durables captured in columns (5)–(9) are not exhaustive
  4. 3Results are estimates of coefficients in Eq. (2). 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