Arbeitspapier
Intended and Unintended Effects of Unconditional Cash Transfers: The Case of Bolivia's Renta Dignidad
This document presents a quasi-experimental impact evaluation of Bolivia's Renta Dignidad, a universal and non-contributory old age pension. Causal effects on direct, future, and indirect beneficiaries are identified, taking advantage of a reduction in age of eligibility from 65 to 60 years in December 2007. Difference-in-difference and changes-in-changes approaches are used to calculate average and quantile treatment effects. For women, non-contributory pensions have, on average, increased their households' non-labor income. This has decreased their labor supply and labor earnings, in turn decreasing households' labor income and thus reducing, ceteris paribus, the program's effect on total per capita household income. Unexpectedly, the program did not have significant effects on men's welfare, investments and labor market outcomes. The results also suggest that additional resources were neither consumed nor invested in health, education, or the purchase of durables. Households most likely held the additional resources and invested in dwelling improvements.
- Language
-
Englisch
- Bibliographic citation
-
Series: IDB Working Paper Series ; No. IDB-WP-631
- Classification
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Wirtschaft
Welfare, Well-Being, and Poverty: Government Programs; Provision and Effects of Welfare Programs
Economics of the Elderly; Economics of the Handicapped; Non-labor Market Discrimination
Time Allocation and Labor Supply
Retirement; Retirement Policies
- Subject
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Non-contributory pensions
Well-being
Investment
Saving
Labor market
- Event
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Geistige Schöpfung
- (who)
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Hernani-Limarino, Werner
Mena, Gary
- Event
-
Veröffentlichung
- (who)
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Inter-American Development Bank (IDB)
- (where)
-
Washington, DC
- (when)
-
2015
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Hernani-Limarino, Werner
- Mena, Gary
- Inter-American Development Bank (IDB)
Time of origin
- 2015
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