Skip to main content

Table 5 Impact of elderly support expenditure on core consumption in different samples (GMM)

From: The crowding-out effect of elderly support expenditure on household consumption from the perspective of population aging: evidence from China

Variable (1) (2) (3) (4)
old = 0 old = 1 old = 2 old > 2
ccr − 0.7818a (− 3.22) −0.4291 (− 0.62) 1.538 (0.86) 0.2612 (0.26)
Control variable yes yes yes yes
Weak IV test 151.7 19.1 2.99 5.55
Sargan P-value 0.4996 0.8410 0.1123 0.0731
Sample size 11,984 6013 5070 4197