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 | Â | 0.210*** | 0.115 | Â | Â |
 |  | (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 | Â | 0.130 | Â |
Hausman test+ | Â | Â | 0.007 | Â | 0.007 |