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Table 4 Overall impact of receiving SSS payouts on private cash transfers

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

 

(1)

(2)

(3)

(4)

(5)

(6)

VARIABLES

Whether received

Amount received

Amount received (positive)

Whether gave

Amount given

Amount given (positive)

Received SS × Jan

−0.007

13.920

12.428

0.021

6.843

154.235

(0.030)

(37.129)

(48.749)

(0.029)

(27.856)

(163.458)

Received SS × Feb

0.008

29.747

61.918

0.040

0.547

9.913

(0.029)

(33.602)

(41.753)

(0.033)

(28.959)

(184.678)

Received SS × Mar

0.041

37.983

34.748

0.008

−25.217

−13.378

(0.026)

(28.675)

(36.247)

(0.027)

(23.662)

(121.744)

Received SS × announce-to-pay

−0.017

0.121

31.817

0.021

4.623

32.431

(0.021)

(22.432)

(29.931)

(0.018)

(16.486)

(114.317)

Received SS × post-pay

−0.014

14.711

54.170

0.011

−5.946

20.925

(0.021)

(27.121)

(34.599)

(0.020)

(18.265)

(95.438)

Mean

0.63

542.78

860.12

0.16

63.16

397.36

S.D.

0.48

669.69

661.61

0.37

325.42

731.46

Observations

15,486

15,451

9100

15,424

15,400

1940

R-squared

0.73

0.77

0.77

0.43

0.20

0.52

  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 transfer values are reported at the couple (respondent and spouse if respondent is married) and monthly level. Columns (3) and (6) include only responses with positive values
  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
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