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Table 5 Temporal 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

−0.00685

13.92

12.43

0.0213

6.852

154.7

(0.0305)

(37.13)

(48.75)

(0.0295)

(27.86)

(163.7)

Received SS × Feb

0.00764

29.75

61.90

0.0395

0.581

11.06

(0.0288)

(33.60)

(41.75)

(0.0330)

(28.96)

(185.1)

Received SS × Mar

0.0414

38.00

34.67

0.00832

−25.21

−12.04

(0.0264)

(28.67)

(36.20)

(0.0265)

(23.66)

(122.2)

Received SS × announce-to-pay

−0.0171

0.175

31.87

0.0212

4.667

31.41

(0.0214)

(22.44)

(29.97)

(0.0185)

(16.49)

(113.9)

Received SS × Aug-Sep 2016

−0.0123

23.89

65.22*

0.0123

0.121

25.07

(0.0243)

(28.03)

(36.40)

(0.0208)

(18.25)

(106.9)

Received SS × Oct-Dec 2016

−0.0164

16.85

65.89*

0.00452

−18.57

−53.73

(0.0231)

(28.93)

(36.85)

(0.0225)

(19.41)

(119.4)

Received SS × Jan-Mar 2017

−0.0251

9.136

54.25

0.00879

0.377

101.7

(0.0232)

(31.40)

(41.33)

(0.0240)

(21.11)

(114.0)

Received SS × Apr-May 2017

0.00256

10.20

24.28

0.0215

−2.106

−11.14

(0.0252)

(31.16)

(39.70)

(0.0233)

(18.73)

(99.97)

Observations

15,486

15,451

9100

15,424

15,400

1940

R-squared

0.733

0.773

0.773

0.425

0.196

0.523

  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. (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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