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Table 12 Effects of windfall gains and interactions – women

From: Windfall gains and labour supply: evidence from the European household panel

Dependent variable:

Employment dummy

Working hours per week

Log working hours per week

 

(1)

(2)

(3)

(4)

(5)

 

FE

FE

FE IV

FE

FE IV

Windfall gains dummy

−0.387***

−7.540**

−8.464**

0.213*

0.0951

 

(0.0909)

(3.465)

(3.528)

(0.115)

(0.125)

Hourly wage

 

−0.919***

−0.224

  
  

(0.0512)

(0.425)

  

Interaction of windfall gains with wage

 

0.210***

0.115

  
  

(0.0442)

(0.177)

  

Log hourly wage

   

−0.438***

−0.170**

    

(0.0124)

(0.0786)

Interaction of windfall gains with log wage

   

−0.00632

0.0393

   

(0.0113)

(0.0383)

Age

0.0558***

2.361***

1.944***

0.0511***

0.0246***

 

(0.00586)

(0.224)

(0.283)

(0.00741)

(0.00950)

Interaction of windfall gains with age

0.0204***

0.401**

0.482***

−0.00848

−0.00642

 

(0.00453)

(0.173)

(0.182)

(0.00581)

(0.00626)

Age^2

−0.000670***

−0.0278***

−0.0251***

−0.000394***

−0.000246**

 

(7.03e-05)

(0.00268)

(0.00284)

(9.10e-05)

(9.82e-05)

Interaction of windfall gains with age^2

−0.000236***

−0.00500**

−0.00596***

9.49e-05

6.62e-05

(5.41e-05)

(0.00206)

(0.00214)

(7.04e-05)

(7.51e-05)

Married dummy

0.0403***

1.212***

1.279***

0.00334

−0.00508

 

(0.0121)

(0.464)

(0.482)

(0.0135)

(0.0145)

Interaction of windfall gains with married dummy

−0.0549***

−1.788***

−1.803***

−0.0315***

−0.0288**

(0.0103)

(0.396)

(0.414)

(0.0117)

(0.0125)

Children 0–6 in hhold dummy

−0.0739***

−4.075***

−4.127***

−0.100***

−0.107***

 

(0.0117)

(0.448)

(0.460)

(0.0134)

(0.0141)

Interaction of windfall gains with children 0–6 dummy

0.00775

−1.070**

−1.017**

−0.0330**

−0.0340**

(0.0124)

(0.475)

(0.492)

(0.0144)

(0.0154)

Children 7–15 in hhold dummy

−0.0564***

−3.356***

−3.230***

−0.0778***

−0.0807***

 

(0.0105)

(0.400)

(0.406)

(0.0121)

(0.0127)

Interaction of windfall gains with children 7–15 dummy

0.0176

0.406

0.353

0.0333**

0.0353**

(0.0117)

(0.447)

(0.454)

(0.0135)

(0.0141)

Constant

−0.440***

−18.02***

−10.49**

2.912***

3.231***

 

(0.118)

(4.520)

(5.328)

(0.145)

(0.159)

Observations

27988

27385

27021

17736

17511

Number of individuals

5308

5284

5261

4044

4021

R-squared

0.017

0.039

 

0.130

 

Hausman test+

  

0.007

 

0.007

  1. Standard errors in parentheses, *significant at 10%; **significant at 5%; ***significant at 1%. +Reports p-value of the Hausman test of endogeneity. In IV regression (log) hourly wage is instrumented using two dummies for education, interactions between education dummies and quartic in age and country-year dummies. All regressions include individual fixed-effects.