Another brick on the wall: On the effects of non-contributory pensions on material and subjective well being

Arbeitspapier

Public expenditures on non-contributory pensions are equivalent to at least 1 percent of GDP in several countries in Latin America and is expected to increase. We explore the effect of non-contributory pensions on the well-being of the beneficiary population by studying the "Pensiones Alimentarias" program established by law in Paraguay, which targets older adults living in poverty. Households with a beneficiary increased their level of consumption by 44 percent. The program improved subjective well-being in 0.48 standard deviations. These effects are consistent with the findings of Bando, Galiani and Gertler (2020) and Galiani, Gertler and Bando (2016) in their studies on the non-contributory pension schemes in Peru and Mexico. Thus, we conclude that the effects of non-contributory pensions on well-being in Paraguay are comparable to those found for Peru and Mexico and add to the construction of external validity.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IDB Working Paper Series ; No. IDB-WP-01212

Klassifikation und Themen

• Klassifikation: Wirtschaft
• Thema: Non-contributory pensions ; poverty ; mental health and wellbeing

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Bando Grana, Rosangela ; Galiani, Sebastián ; Gertler, Paul J.
• Ereignis: Veröffentlichung
• (wer): Inter-American Development Bank (IDB)
• (wo): Washington, DC
• (wann): 2021

Weitere Informationen

• DOI: doi:10.18235/0003082
• Handle: http://hdl.handle.net/10419/237491
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ