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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
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