Table A3 The impact of wealth transfers...

Table A3

The impact of wealth transfers on labour force participation: whole sample, accounting for GDP growth rate indicator

	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	−0.0025	0.0097	0.7990	−0.0288	0.0300	0.3370	−0.0661	0.0280	0.0180	−0.0717	0.0608	0.2380
Wealth transfer amount	−0.0010	0.0026	0.6890	−0.0090	0.0094	0.3390	−0.0188	0.0081	0.0210	−0.0200	0.0172	0.2430
Wealth transfer amount/income ratio	−0.0026	0.0064	0.6890	−0.0248	0.0262	0.3430	−0.0423	0.0186	0.0230	−0.0618	0.0528	0.2420

	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	−0.0025	0.0097	0.7990	−0.0288	0.0300	0.3370	−0.0661	0.0280	0.0180	−0.0717	0.0608	0.2380
Wealth transfer amount	−0.0010	0.0026	0.6890	−0.0090	0.0094	0.3390	−0.0188	0.0081	0.0210	−0.0200	0.0172	0.2430
Wealth transfer amount/income ratio	−0.0026	0.0064	0.6890	−0.0248	0.0262	0.3430	−0.0423	0.0186	0.0230	−0.0618	0.0528	0.2420

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

Source(s): Own elaborations based on HFCS data