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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