Table 6.
Formal home care |
Informal home care |
Informal home care, child/children |
Informal home care, daughters |
Informal home care, sons |
|
---|---|---|---|---|---|
Baseline (N = 6836) | 0.021** (0.009) | −0.005 (0.015) | −0.027** (0.013) | −0.011 (0.010) | −0.019** (0.009) |
F-statistics for weak IV test | 44.98 | 44.98 | 44.98 | 44.98 | 44.98 |
Stock-Yogo critical value (10% LIML size) | 16.38 | 16.38 | 16.38 | 16.38 | 16.38 |
Add health-related controls (N = 6836) | 0.021** (0.010) | −0.004 (0.015) | −0.026** (0.012) | −0.010 (0.010) | −0.019** (0.008) |
F-statistics for weak IV test | 42.67 | 42.67 | 42.67 | 42.67 | 42.67 |
Drop widowed and divorced females (N = 3999) | 0.030*** (0.011) | 0.005 (0.014) | −0.007 (0.009) | 0.003 (0.006) | −0.006 (0.006) |
F-statistics for weak IV test | 28.67 | 28.67 | 28.67 | 28.67 | 28.67 |
Drop if the primary beneficiary was born in 1918–1919 (N = 5946) | 0.016 (0.010) | 0.011 (0.013) | −0.022* (0.013) | −0.013 (0.010) | −0.012 (0.009) |
F-statistics for weak IV test | 53.96 | 53.96 | 53.96 | 53.96 | 53.96 |
Keep if primary beneficiary was born in 1910–1920 (N = 4025) | 0.021* (0.012) | −0.003 (0.015) | −0.019 (0.012) | −0.004 (0.009) | −0.017** (0.008) |
F-statistics for weak IV test | 27.76 | 27.76 | 27.76 | 27.76 | 27.76 |
All regressions are weighted using the Final Annual LSOA II weight. The set of covariates in all estimations includes the control variables listed in Table 1. Robust standard errors are listed in parenthesis and are clustered at the birth year of the respondent. The endogenous variable of interest is Social Security income, and the instrument is an indicator variable for respondents in households in which the primary beneficiary was born during 1911–1917.
Corresponds to statistical significance at the 10% level.
Corresponds to statistical significance at the 5% level.
Corresponds to statistical significance at the 1% level.