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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