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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