Table 3

Effect of Pension Eligibility on Household Decision Making: NIDS Waves 2 and 3

(1)(2)(3)(4)(5)(6)(7)(8)
Dependent variable: Primary decision maker for day-to-day purchases NIDS Wave 2Dependent variable: Primary decision maker for day-to-day purchases NIDS Wave 3
Polynomial in age of person is
linearquadraticcubiclinearquadraticcubic
Panel 1: Women
Pension eligible0.0502
[0.0512]
0.0343
[0.0532]
0.0316
[0.0652]
0.0353
[0.0649]
0.0901**
[0.0451]
0.0656
[0.0490]
0.0525
[0.0561]
0.0667
[0.0537]
Presence of man 50+−0.328***
[0.0510]
−0.323***
[0.0513]
−0.323***
[0.0513]
−0.349***
[0.0484]
−0.408***
[0.0484]
−0.399***
[0.0496]
−0.399***
[0.0496]
−0.422***
[0.0487]
Presence of pension eligible man−0.0975*
[0.0591]
−0.107*
[0.0594]
−0.107*
[0.0594]
−0.0750
[0.0584]
−0.0393
[0.0567]
−0.0545
[0.0575]
−0.0538
[0.0575]
−0.0334
[0.0561]
Observations1,9041,9041,9041,8952,2412,2412,2412,241
R-squared0.1460.1470.1470.1930.1850.1870.1870.242
Sample mean0.6610.664
Panel 2: Men
Pension eligible0.0444
[0.0688]
0.0491
[0.0722]
0.0509
[0.0880]
0.0649
[0.0865]
−0.0545
[0.0716]
−0.0678
[0.0731]
−0.0883
[0.0883]
−0.0872
[0.0811]
Presence of woman 50+−0.420***
[0.0419]
−0.417***
[0.0425]
−0.417***
[0.0426]
−0.368***
[0.0440]
−0.354***
[0.0429]
−0.365***
[0.0443]
−0.364***
[0.0446]
−0.295***
[0.0429]
Presence of pension eligible woman0.0496
[0.0516]
0.0449
[0.0537]
0.0450
[0.0546]
0.0621
[0.0557]
−0.0669
[0.0510]
−0.0472
[0.0543]
−0.0481
[0.0545]
−0.0454
[0.0540]
Observations1,1121,1121,1121,1041,2771,2771,2771,277
R-squared0.1420.1420.1420.2450.127
0.406
0.1290.1290.266
Sample mean0.389
P-value for equality of female and male eligibility coefficients0.9470.8690.8630.9880.0830.1230.1710.11
Control variablesNONONOYESNONONOYES
  • Notes: Robust standard errors in brackets are clustered at the household level. Regressions are weighted with survey post-stratification weights. Sample is restricted to black men and women aged 50–75. Control variables are number of household members who are 0–5, 6–14, 15–24, and 25–49, educational attainment category, and rural/urban status.

  • *** p < 0.01,

  • ** p < 0.05,

  • * p < 0.1