Table 6 The impact of wealth transfers...

Table 6

The impact of wealth transfers on labour force participation: low-middle educated

	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	−0.0014	0.0134	0.9170	−0.0214	0.0427	0.6160	−0.0766	0.0424	0.0700	−0.0453	0.0738	0.5390
Wealth transfer amount	−0.0009	0.0037	0.8140	−0.0076	0.0151	0.6150	−0.0238	0.0131	0.0700	−0.0126	0.0204	0.5380
Wealth transfer amount/income ratio	−0.0022	0.0092	0.8140	−0.0216	0.0437	0.6200	−0.0579	0.0322	0.0720	−0.0365	0.0626	0.5600

	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	−0.0014	0.0134	0.9170	−0.0214	0.0427	0.6160	−0.0766	0.0424	0.0700	−0.0453	0.0738	0.5390
Wealth transfer amount	−0.0009	0.0037	0.8140	−0.0076	0.0151	0.6150	−0.0238	0.0131	0.0700	−0.0126	0.0204	0.5380
Wealth transfer amount/income ratio	−0.0022	0.0092	0.8140	−0.0216	0.0437	0.6200	−0.0579	0.0322	0.0720	−0.0365	0.0626	0.5600

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