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 |
Small windfall gains dummy | −0.00104 | −0.177 | −0.126 | 0.00557 | 0.00517 |
 | (0.00563) | (0.301) | (0.303) | (0.00502) | (0.00515) |
Medium windfall gains dummy | −0.00617 | 0.0221 | 0.111 | 0.00139 | 0.00153 |
 | (0.00610) | (0.326) | (0.329) | (0.00552) | (0.00566) |
Large windfall gains dummy | −0.0306*** | −1.337** | −0.966* | −0.0208** | −0.0184* |
 | (0.0103) | (0.552) | (0.560) | (0.00927) | (0.00953) |
Hourly wage |  | −0.878*** | −0.795*** |  |  |
 |  | (0.0360) | (0.219) |  |  |
Log hourly wage |  |  |  | −0.368*** | −0.196*** |
 |  |  |  | (0.00704) | (0.0463) |
Age | 0.0954*** | 5.191*** | 5.065*** | 0.0620*** | 0.0473*** |
 | (0.00338) | (0.181) | (0.206) | (0.00323) | (0.00490) |
Age^2 | −0.00115*** | −0.0601*** | −0.0592*** | −0.000577*** | −0.000495*** |
 | (3.84e-05) | (0.00205) | (0.00209) | (3.69e-05) | (4.23e-05) |
Married dummy | 0.0199** | 2.138*** | 2.055*** | 0.0350*** | 0.0295*** |
 | (0.00843) | (0.449) | (0.460) | (0.00748) | (0.00784) |
Children 0–6 in household dummy | −0.0311*** | −1.221*** | −1.418*** | −6.81e-05 | −0.00316 |
 | (0.00684) | (0.366) | (0.372) | (0.00602) | (0.00625) |
Children 7–15 in household dummy | −0.0357*** | −1.505*** | −1.586*** | −0.00606 | −0.00580 |
 | (0.00640) | (0.341) | (0.346) | (0.00566) | (0.00582) |
Constant | −0.983*** | −60.20*** | −57.13*** | 2.960*** | 3.075*** |
 | (0.0730) | (3.914) | (4.333) | (0.0677) | (0.0737) |
Observations | 26176 | 25626 | 25327 | 22503 | 22278 |
Number of individuals | 5087 | 5073 | 5061 | 4691 | 4679 |
R-squared | 0.044 | 0.070 | Â | 0.141 | Â |
Hausman test+ | Â | Â | 0.000 | Â | 0.034 |