PANEL B (Log)

Spouse's income	Social Security	Official	Tax Paid	Total cons.	Implied Saving response
increase	decrease	increase	decrease	increase	decrease	Increase	decrease	increase	decrease	increase	decrease
All	0.199(0.006)	0.202(0.007)	0.178(0.081)	0.341(0.085)	-	-	0.838(0.006)	0.012(0.006)	0.092(0.003)	0.044(0.004)	0.547*0.369	0.766*0.425
Number of Obs.	39,170	35,875	2,456	2,273	-	-	117,266	108,136
R²(adjusted)	0.18	0.18	0.04	0.05	-	-	0.21	0.29
s.e.e.	0.47	0.48	1.72	1.73	-	-	0.81	0.78
January-June	0.204(0.019)	0.118(0.031)	-0.190(0.388)	1.515(0.679)	-	-	0.962(0.022)	0.780(0.041)	0.071(0.103)	0.056(0.019)	0.687	0.606
Number of Obs.	3,458	2,552	237	148	-	-	10,918	7,817
R²(adjusted)	0.16	0.04	0.01	0.06	-	-	0.17	0.13
s.e.e.	0.39	0.34	1.73	1.75	-	-	0.76	0.73
February	0.203(0.020)	0.166(0.029)	0.271(0.331)	-0.246(0.405)	-	-	0.065(0.021)	0.906(0.028)	0.076(0.009)	-0.004(0.014)	0.786	0.744
Number of Obs.	3,760	2,889	245	190	-	-	11,308	8,673
R²(adjusted)	0.10	0.08	0.02	0.03	-	-	0.24	0.33
s.e.e.	0.46	0.47	1.67	1.71	-	-	0.83	0.77
March-August	0.115(0.021)	0.148(0.025)	-0.030(0.318)	0.489(0.344)	-	-	0.108(0.023)	0.985(0.022)	0.096(0.009)	0.020(0.010)	0.897	0.817
Number of Obs.	3,444	3,194	203	224	-	-	10,589	10,099
R²(adjusted)	0.09	0.06	0.00	0.10	-	-	0.23	0.35
s.e.e.	0.49	0.52	1.72	1.83	-	-	0.91	0.81
April-September	0.142(0.019)	0.180(0.023)	0.183(0.224)	0.341(0.211	-	-	0.088(0.023)	0.035(0.022)	0.088(0.009)	0.018(0.010)	0.858	0.837
Number of Obs.	3,357	3,299	262	243	-	-	10,146	9,970
R²(adjusted)	0.10	0.07	0.07	0.05	-	-	0.25	0.34
s.e.e.	0.47	0.50	1.55	1.43	-	-	0.92	0.82
May-October	0.159(0.022)	0.156(0.023)	0.391(0.296)	0.102(0.279)	-	-	0.068(0.022)	0.030(0.020)	0.083(0.009)	0.030(0.010)	0.826	0.844
Number of Obs.	3,715	3,529	197	186	-	-	10,576	10,011
R²(adjusted)	0.12	0.07	0.12	0.06	-	-	0.28	0.31
s.e.e.	0.51	0.53	1.58	1.41	-	-	0.86	0.75
June-November	0.049(0.027)	0.166(0.024)	-0.563(0.498)	-0.106(0.332)	-	-	0.040(0.027)	0.047(0.018)	0.120(0.013)	0.038(0.010)	0.871	0.843
Number of Obs.	2,984	3,444	175	233	-	-	8,577	10,166
R²(adjusted)	0.03	0.04	0.07	0.07	-	-	0.30	0.39
s.e.e.	0.43	0.51	1.47	1.69	-	-	0.71	0.65
July-December	0.182(0.024)	0.116(0.025)	-0.203(0.415)	1.003(0.398)	-	-	0.934(0.023)	0.112(0.022)	0.121(0.011)	0.049(0.013)	0.631	0.947
Number of Obs.	3,851	2,553	201	128	-	-	11,353	7,733
R²(adjusted)	0.28	0.05	0.00	0.02	-	-	0.32	0.32
s.e.e.	0.48	0.40	1.71	1.57	-	-	0.69	0.62
August-January	0.185(0.030)	0.205(0.029)	-0.617(0.397)	0.359(0.339)	-	-	0.873(0.026)	0.898(0.026)	0.112(0.013)	0.083(0.013)	0.576	0.610
Number of Obs.	3,098	3,039	187	202	-	-	9,154	8,894
R²(adjusted)	0.25	0.28	0.11	0.09	-	-	0.33	0.33
s.e.e.	0.50	0.50	1.64	1.73	-	-	0.68	0.71
September-February	0.253(0.030)	0.202(0.032)	0.328(0.487)	-0.370(0.545)	-	-	0.867(0.026)	0.921(0.027)	0.096(0.013)	0.074(0.014)	0.518	0.645
Number of Obs.	3,047	2,764	205	188	-	-	9,490	8,710
R²(adjusted)	0.27	0.30	0.05	0.03	-	-	0.34	0.34
s.e.e.	0.47	0.49	1.81	1.67	-	-	0.67	0.71
October-March	0.117(0.027)	0.118(0.031)	0.485(0.392)	-1.017(0.491)	-	-	0.958(0.026)	0.972(0.030)	0.117(0.013)	0.085(0.014)	0.724	0.769
Number of Obs.	3,069	2,656	191	170	-	-	8,913	7,831
R²(adjusted)	0.23	0.30	0.03	0.03	-	-	0.33	0.34
s.e.e.	0.48	0.49	1.59	1.59	-	-	0.68	0.72
November-April	0.170(0.027)	0.196(0.030)	1.196(0.428)	0.437(0.582)	-	-	0.880(0.027)	0.929(0.028)	0.073(0.013)	0.095(0.013)	0.637	0.638
Number of Obs.	3,106	2,841	214	168	-	-	9,300	8,604
R²(adjusted)	0.29	0.31	0.05	0.03	-	-	0.28	0.31
s.e.e.	0.46	0.47	1.62	1.72	-	-	0.71	0.74
December	0.078(0.031)	0.141(0.027)	-1.542(0.830)	-0.061(0.431)	-	-	0.882(0.043)	0.865(0.029)	0.057(0.021)	0.060(0.013)	0.747	0.664
-May	2,281	3,115	139	193	-	-	6,942	9,628
Number of Obs.	0.03	0.26	-0.00	-0.02	-	-	0.10	0.32
R²(adjusted)	0.35	0.45	1.52	1.63	-	-	0.67	0.78

Note: The coefficients on the change in head of household income in specification (3). The figures in the columns of total consumption come from Table 7. Standard error are in parentheses. The change is defined as change in levels of head's income. * refers to the case where the third column (social security) also subtracted. – refers to the case whose sample is less than 100.