Table 5 The impact of wealth transfers...

Table 5

The impact of wealth transfers on labour force participation: elderly

	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	0.0019	0.0141	0.8940	−0.0200	0.0507	0.6930	−0.0752	0.0345	0.0290	−0.1618	0.1271	0.2030
Wealth transfer amount	0.0005	0.0037	0.8900	−0.0057	0.0139	0.6820	−0.0197	0.0092	0.0330	−0.0423	0.0309	0.1720
Wealth transfer amount/income ratio	0.0013	0.0092	0.8900	−0.0132	0.0324	0.6830	−0.0440	0.0215	0.0400	−0.1132	0.0491	0.0210

	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	0.0019	0.0141	0.8940	−0.0200	0.0507	0.6930	−0.0752	0.0345	0.0290	−0.1618	0.1271	0.2030
Wealth transfer amount	0.0005	0.0037	0.8900	−0.0057	0.0139	0.6820	−0.0197	0.0092	0.0330	−0.0423	0.0309	0.1720
Wealth transfer amount/income ratio	0.0013	0.0092	0.8900	−0.0132	0.0324	0.6830	−0.0440	0.0215	0.0400	−0.1132	0.0491	0.0210

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