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Table 3 Temporal 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 0.00631 24.92 − 182.6 −2.324
(0.0206) (69.49) (154.8) (3.304)
Received SS × Feb 0.00981 29.45 7.016
(0.0201) (34.46) (92.33)
Received SS × Mar 0.0211 57.28 − 119.1
(0.0196) (48.28) (217.6)
Received SS × announce-to-pay 0.0123 97.70 65.48 −2.125
(0.0178) (78.85) (92.73) (3.194)
Received SS × Aug-Sep 2016 0.00912 90.89 21.95
(0.0189) (74.75) (84.50)
Received SS × Oct-Dec 2016 −0.0137 70.53 47.54 −7.164**
(0.0189) (85.19) (134.2) (3.308)
Received SS × Jan-Mar 2017 −0.0115 62.68 32.63 −2.330
(0.0187) (66.13) (134.3) (3.384)
Received SS × Apr-May 2017 −0.0221 46.39 86.42 −3.185
(0.0209) (62.31) (146.6) (3.413)
Observations 16,062 15,997 4596 3536
R-squared 0.808 0.701 0.751 0.638
  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. Therefore, estimates are not available for the period Aug-Sep 2016
  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