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Table 7 Overall impact of expecting to receive 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)
Expect SS × Jan −0.024* − 13.486 13.934 0.012 −4.007 −35.206
(0.014) (15.110) (30.477) (0.016) (12.908) (39.509)
Expect SS × Feb −0.011 − 11.979 − 25.963 − 0.021 − 26.840 −14.883
(0.014) (16.002) (39.657) (0.018) (20.483) (54.700)
Expect SS × Mar 0.002 21.790 36.309 0.016 −13.168 −34.825
(0.013) (13.486) (28.706) (0.016) (14.962) (42.608)
Expect SS × announce-to-pay −0.005 4.486 4.767 0.007 −3.572 −4.403
(0.011) (11.380) (23.437) (0.012) (10.240) (35.883)
Expect SS × post-pay −0.007 2.602 18.775 −0.004 −11.093 −17.312
(0.012) (12.084) (25.973) (0.013) (9.670) (31.965)
Mean 0.33 231.35 707.28 0.29 122.02 427.49
S.D. 0.47 461.00 559.60 0.45 354.73 557.09
Observations 49,565 49,471 15,293 49,313 49,274 13,278
R-squared 0.74 0.74 0.78 0.61 0.42 0.50
  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 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