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Table 6 Impact of expenditure on supporting elders on marginal 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
mcr 2.1335b (10.17) 2.125b (3.74) 0.1477 (0.15) 1.535a (1.91)
Control variable yes yes yes yes
Weak IV test 151.7 19.1 2.99 5.55
Sargan P-value 0.2182 0.5200 0.0000 0.0308
Sample size 11,984 6013 5070 4197