Table 2 The impact of wealth transfers...

Table 2

The impact of wealth transfers on labour force participation: whole sample

	Family donor						Non-family donor
	Inheritance			Gift			Inheritance			Gift
	Coeff.	R.s.e.	P-value	Coeff.	R.s.e.	P-value	Coeff.	R.s.e.	P-value	Coeff.	R.s.e.	P-value
Wealth transfer receipt	0.0001	0.0097	0.9930	−0.0303	0.0287	0.2910	−0.0638	0.0275	0.0210	−0.0729	0.0609	0.2310
Wealth transfer amount	−0.0003	0.0026	0.9060	−0.0094	0.0089	0.2930	−0.0181	0.0080	0.0240	−0.0204	0.0172	0.2360
Wealth transfer amount/income ratio	−0.0008	0.0064	0.9060	−0.0257	0.0246	0.2960	−0.0407	0.0183	0.0260	−0.0628	0.0530	0.2360

	Family donor						Non-family donor
	Inheritance			Gift			Inheritance			Gift
	Coeff.	R.s.e.	P-value	Coeff.	R.s.e.	P-value	Coeff.	R.s.e.	P-value	Coeff.	R.s.e.	P-value
Wealth transfer receipt	0.0001	0.0097	0.9930	−0.0303	0.0287	0.2910	−0.0638	0.0275	0.0210	−0.0729	0.0609	0.2310
Wealth transfer amount	−0.0003	0.0026	0.9060	−0.0094	0.0089	0.2930	−0.0181	0.0080	0.0240	−0.0204	0.0172	0.2360
Wealth transfer amount/income ratio	−0.0008	0.0064	0.9060	−0.0257	0.0246	0.2960	−0.0407	0.0183	0.0260	−0.0628	0.0530	0.2360

Note(s): Control variables are accounted for. Standard errors robust to heteroskedasticity and clustering at household level

Source(s): Own elaborations based on HFCS data