Table 3 The impact of wealth transfers...

Table 3

The impact of wealth transfers on labour force participation: male

	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	−0.0138	0.0140	0.3250	0.0116	0.0245	0.6360	−0.0424	0.0427	0.3200	0.0174	0.0211	0.4100
Wealth transfer amount	−0.0044	0.0037	0.2370	0.0038	0.0081	0.6430	−0.0120	0.0122	0.3280	0.0052	0.0066	0.4320
Wealth transfer amount/income ratio	−0.0099	0.0084	0.2350	0.0095	0.0203	0.6400	−0.0248	0.0252	0.3250	0.0167	0.0232	0.4720

	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	−0.0138	0.0140	0.3250	0.0116	0.0245	0.6360	−0.0424	0.0427	0.3200	0.0174	0.0211	0.4100
Wealth transfer amount	−0.0044	0.0037	0.2370	0.0038	0.0081	0.6430	−0.0120	0.0122	0.3280	0.0052	0.0066	0.4320
Wealth transfer amount/income ratio	−0.0099	0.0084	0.2350	0.0095	0.0203	0.6400	−0.0248	0.0252	0.3250	0.0167	0.0232	0.4720

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