| |
(1)
|
(2)
|
(3)
|
(4)
|
|---|
|
VARIABLES
|
Whether received income
|
Amount received
|
Amount received (positive)
|
Probability of working full- time after age 70
|
|---|
|
Only respondent rcv SS × announce-to-pay
|
0.0182
|
160.4
|
91.45
|
−2.008
|
|
(0.0223)
|
(126.6)
|
(120.3)
|
(3.842)
|
|
Only spouse rcv SS × announce-to-pay
|
0.0341
|
98.83**
|
56.89
|
0.358
|
|
(0.0298)
|
(44.73)
|
(88.78)
|
(9.202)
|
|
Both rcv SS × announce-to-pay
|
0.0186
|
53.09
|
69.12
|
−3.614
|
|
(0.0200)
|
(43.77)
|
(121.5)
|
(3.919)
|
|
Only respondent rcv SS × post-pay
|
−0.0127
|
144.8
|
165.4
|
−4.396
|
|
(0.0227)
|
(106.2)
|
(132.6)
|
(3.375)
|
|
Only spouse rcv SS × post-pay
|
0.0467
|
129.8**
|
106.3
|
0.318
|
|
(0.0451)
|
(58.53)
|
(102.5)
|
(7.000)
|
|
Both rcv SS × post-pay
|
0.00888
|
20.69
|
−54.55
|
−5.013
|
|
(0.0184)
|
(39.37)
|
(87.64)
|
(3.785)
|
|
Observations
|
15,655
|
15,591
|
4444
|
3448
|
|
R-squared
|
0.808
|
0.712
|
0.772
|
0.627
|
- Notes:
- 1Standard errors clustered at the household level in parentheses. ***, **, and * represent statistical significance at the 1, 5, and 10% level of significance respectively
- 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 column (4) are collected at the individual level every quarter
- 3Results are estimates of coefficients in Eq. (4). In the interest of space, we do not show the coefficients from the placebo leads. 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
