Table 7 The impact of wealth transfers...

Table 7

The impact of wealth transfers on labour force participation: highly 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	−0.0021	0.0113	0.8530	−0.0385	0.0347	0.2670	−0.0454	0.0304	0.1350	−0.1165	0.0947	0.2190
Wealth transfer amount	−0.0005	0.0028	0.8590	−0.0103	0.0094	0.2740	−0.0115	0.0081	0.1560	−0.0328	0.0266	0.2170
Wealth transfer amount/income ratio	−0.0012	0.0069	0.8590	−0.0271	0.0244	0.2660	−0.0240	0.0174	0.1680	−0.1061	0.0770	0.1680

	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	−0.0021	0.0113	0.8530	−0.0385	0.0347	0.2670	−0.0454	0.0304	0.1350	−0.1165	0.0947	0.2190
Wealth transfer amount	−0.0005	0.0028	0.8590	−0.0103	0.0094	0.2740	−0.0115	0.0081	0.1560	−0.0328	0.0266	0.2170
Wealth transfer amount/income ratio	−0.0012	0.0069	0.8590	−0.0271	0.0244	0.2660	−0.0240	0.0174	0.1680	−0.1061	0.0770	0.1680

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