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The Wellbeing Effects of an Old Age Pension: Experimental Evidence for Ekiti State in Nigeria

María Laura Alzua, Natalia Cantet, Ana Dammert and Damilola Olajide
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María Laura Alzua: CEDLAS-IIE-FCE-UNLP, CONICET & Partnership for Economic Policy
Natalia Cantet: Department of Economics and Finance, Universidad EAFIT
Damilola Olajide: Initiative for Evidence-Based Development and Empowerment

CEDLAS, Working Papers from CEDLAS, Universidad Nacional de La Plata

Abstract: Many countries in the developing world have implemented old-age pensions. Evidence of the impact of such policies on the elderly in sub-Saharan Africa, however, is scarce. We provide evidence from a randomized evaluation of an unconditional old-age pension targeted at the elderly in Ekiti State, Nigeria. Our findings show that treated beneficiaries self-report better quality of life and a more stable mental health. We also provide evidence of spillover effects on the labor outcomes of other household members and of household savings patterns as well as support for interventions aimed at improving the welfare of elderly poor citizens and other household members.

JEL-codes: C21 C93 H31 H55 H75 I38 (search for similar items in EconPapers)
Pages: 45 pages
Date: 2023-12
New Economics Papers: this item is included in nep-afr, nep-age, nep-hea and nep-lam
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