Table 5. OLS coefficient estimates for regression model (2) and derived monthly patterns

(a) All wage earning white-collar worker households (Broadly-defined sample)

(1)	(2)	(3)	(4)	(5)	(6)	(7)

Derived monthly patterns for Figures 4, 5, and 6
WHH	DI	SC	NDC	DC
Figure no.	4.1-(a)	4.2-(a)	5.1-(a)	6.1-(a)	6.2-(a)	6.3-(a)	6.4-(a)
Pre-reform
Jan	a1	(=a0+a0-1)	-0.83	-0.89	-0.24	-0.13	-0.27	-0.27	-0.38
Feb	a2	(=a0+a0-2)	0.09	0.12	0.02	-0.01	0.09	-0.23	0.01
Mar	a3	(=a0+a0-3)	-0.07	-0.08	0.05	0.05	-0.02	0.24	0.03
Apr	a4	(=a0+a0-4)	0.02	0.02	-0.01	0.02	-0.03	-0.12	0.05
May	a5	(=a0+a0-5)	-0.04	-0.14	-0.07	-0.06	-0.03	-0.08	-0.19
Jun	a6	(=a0+a0-6)	0.43	0.55	-0.03	-0.06	-0.03	-0.01	0.24
Jul	a7	(=a0+a0-7)	-0.12	-0.16	0.06	0.06	0.02	0.21	0.11
Aug	a8	(=a0+a0-8)	-0.29	-0.23	-0.06	-0.01	0.00	-0.36	-0.42
Sep	a9	(=a0+a0-9)	0.02	-0.04	-0.04	-0.07	-0.03	-0.17	0.00
Oct	a10	(=a0)	-0.03	0.03	-0.02	-0.02	-0.04	0.16	0.08
Nov	a11	(=a0+a0-11)	0.03	-0.01	0.01	0.00	0.02	0.05	0.14
Dec	a12	(=a0+a0-12)	0.80	0.89	0.19	0.06	0.24	0.42	0.28
Pre-reform & Public
Jan	a1+b1	-1.00	-1.09	-0.28	-0.18	-0.29	-0.31	-0.30	-0.30
Feb	a2+b2	0.10	0.15	0.02	0.01	0.08	-0.20	0.04	0.04
Mar	a3+b3	0.14	0.10	0.09	0.08	-0.02	0.31	0.27	0.27
Apr	a4+b4	-0.20	-0.18	-0.04	-0.01	-0.03	-0.18	-0.25	-0.25
May	a5+b5	-0.04	-0.18	-0.08	-0.09	-0.03	-0.09	-0.16	-0.16
Jun	a6+b6	0.79	0.95	-0.02	-0.04	-0.03	-0.02	0.23	0.23
Jul	a7+b7	-0.59	-0.65	0.10	0.10	0.03	0.26	0.29	0.29
Aug	a8+b8	-0.15	-0.08	-0.06	-0.01	0.00	-0.33	-0.51	-0.51
Sep	a9+b9	0.02	-0.05	-0.08	-0.13	-0.05	-0.20	-0.01	-0.01
Oct	a10+b10	0.01	0.07	0.01	0.01	-0.04	0.20	0.29	0.29
Nov	a11+b11	0.01	-0.04	-0.01	-0.01	0.01	0.04	0.12	0.12
Dec	a12+b12	0.98	1.09	0.25	0.12	0.26	0.50	0.46	0.46
Post-reform
Jan	a1+c1	-0.69	-0.71	-0.14	-0.07	-0.18	-0.10	-0.18	-0.18
Feb	a2+c2	0.08	0.12	0.00	0.00	0.07	-0.28	0.07	0.07
Mar	a3+c3	-0.07	-0.10	0.01	-0.01	-0.04	0.18	0.09	0.09
Apr	a4+c4	0.03	0.05	0.01	0.05	-0.02	-0.05	0.01	0.01
May	a5+c5	-0.04	-0.15	-0.08	-0.09	-0.03	-0.05	-0.12	-0.12
Jun	a6+c6	0.38	0.49	-0.02	-0.05	-0.03	-0.01	0.08	0.08
Jul	a7+c7	-0.10	-0.12	0.02	0.02	0.00	0.15	0.05	0.05
Aug	a8+c8	-0.26	-0.20	-0.01	0.03	0.01	-0.24	-0.25	-0.25
Sep	a9+c9	0.02	-0.01	-0.03	-0.06	-0.02	-0.20	0.16	0.16
Oct	a10+c10	-0.03	0.02	-0.01	-0.03	-0.03	0.20	0.16	0.16
Nov	a11+c11	0.03	-0.01	0.00	-0.01	0.01	0.02	0.08	0.08
Dec	a12+c12	0.66	0.70	0.14	0.03	0.19	0.32	0.22	0.22
Post-reform & Public
Jan	a1+b1+c1+d1	-0.94	-0.95	-0.19	-0.14	-0.21	-0.16	-0.25	-0.25
Feb	a2+b2+c2+d2	0.09	0.14	0.00	0.00	0.07	-0.29	0.02	0.02
Mar	a3+b3+c3+d3	-0.09	-0.15	0.04	0.03	-0.03	0.16	0.04	0.04
Apr	a4+b4+c4+d4	0.03	0.06	-0.02	0.00	-0.03	-0.10	0.09	0.09
May	a5+b5+c5+d5	-0.05	-0.19	-0.07	-0.09	-0.03	-0.03	-0.24	-0.24
Jun	a6+b6+c6+d6	0.71	0.83	-0.04	-0.06	-0.04	-0.01	0.11	0.11
Jul	a7+b7+c7+d7	-0.52	-0.53	0.06	0.04	0.02	0.15	0.15	0.15
Aug	a8+b8+c8+d8	-0.15	-0.09	-0.04	0.02	0.01	-0.26	-0.61	-0.61
Sep	a9+b9+c9+d9	0.01	-0.04	-0.05	-0.09	-0.04	-0.22	0.23	0.23
Oct	a10+b10+c10+d10	0.00	0.07	0.00	-0.02	-0.03	0.15	0.12	0.12
Nov	a11+b11+c11+d11	0.02	-0.03	-0.01	-0.02	0.01	0.11	0.00	0.00
Dec	a12+b12+c12+d12	0.90	0.94	0.19	0.07	0.23	0.37	0.47	0.47

Note: All regressions are estimated by OLS and include the nominal interest rate and relative price changes as control variables. Numbers in the parentheses are robust standard errors. $ *\*\* $ , $ *\* $ , and $ * $ denote significance at the 1%, 5%, and 10% level respectively.