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Table 6 Overall impact of expecting to receive 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) (5) (6)
VARIABLES Whether received income Amount received Amount received (positive) Probability of working full- time after age 62 Probability of working full- time after age 65 Probability of working full- time after age 70
Expect SS × Jan 0.001 −55.220 − 109.955 − 0.752 − 0.786 0.594
(0.010) (54.173) (68.180) (1.740) (1.519) (1.407)
Expect SS × Feb −0.013 −34.121 15.826
(0.011) (52.164) (61.606)
Expect SS × Mar −0.002 − 139.445** − 190.474**
(0.011) (64.163) (83.188)
Expect SS × announce-to-pay −0.001 −21.650 −11.847 − 1.467 −1.031 − 1.887
(0.010) (40.859) (42.438) (1.623) (1.421) (1.362)
Expect SS × post-pay −0.002 −26.508 −30.540 − 0.949 − 0.287 0.117
(0.011) (45.552) (44.553) (1.650) (1.429) (1.342)
Mean 0.70 1951 2783 48.45 37.68 22.27
S.D. 0.46 2514 2588 34.68 33.48 29.04
Observations 51,578 51,432 35,475 13,581 16,490 16,502
R-squared 0.76 0.81 0.82 0.67 0.67 0.63
  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 columns (4)–(6) are collected at the individual level every quarter
  4. 3Results are estimates of coefficients in Eq. (1). The sample is restricted to respondents who are not age-eligible for SSS (i.e. aged 56 to 63 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 expected to receive SSS payouts