Skip to main content

Table 24 Robustness check for expenditure—accounting for spousal receipt of SSS payout

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

Only respondent rcv SS × announce-to-pay

92.26

55.18

52.95*

42.10

28.21

−0.179

11.97**

−41.57

2.280

(111.4)

(36.26)

(28.77)

(99.58)

(17.82)

(1.571)

(6.029)

(32.98)

(35.27)

Only spouse rcv SS × announce-to-pay

59.87

16.91

30.76

43.15

93.77**

2.012

17.26**

−110.8

−12.89

(158.8)

(39.96)

(32.10)

(147.8)

(36.81)

(1.830)

(8.396)

(74.20)

(57.23)

Both rcv SS × announce-to-pay

109.7

74.87*

69.29**

35.36

50.94**

0.555

11.59

−50.59

5.009

(120.5)

(42.66)

(34.81)

(104.1)

(23.56)

(2.411)

(8.342)

(40.32)

(41.74)

Only respondent rcv SS × post-pay

142.8

49.53

37.80

93.15

1.027

−0.0568

8.244

22.33

1.177

(106.6)

(35.72)

(29.82)

(90.86)

(17.90)

(1.988)

(6.511)

(23.27)

(30.08)

Only spouse rcv SS × post-pay

186.1

17.24

14.25

168.8

42.57

2.795

15.85*

−85.69

116.5

(156.7)

(46.57)

(40.09)

(141.3)

(35.32)

(2.282)

(9.249)

(52.43)

(74.40)

Both rcv SS × post-pay

105.5

61.79

51.00

43.39

10.08

0.288

3.690

−28.27

35.09

(117.3)

(42.79)

(38.08)

(101.4)

(26.01)

(2.897)

(8.202)

(32.23)

(38.70)

Observations

15,569

15,617

15,617

15,569

15,617

15,507

15,513

15,617

15,617

R-squared

0.383

0.128

0.124

0.438

0.729

0.858

0.381

0.198

0.181

  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. (4). In the interest of space, we do not show the coefficients from the placebo leads. 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