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Another Brick on the Wall: On the Effects of Non-Contributory Pensions on Material and Subjective Well Being

Rosangela Bando, Sebastian Galiani and Paul Gertler

No 11095, IDB Publications (Working Papers) from Inter-American Development Bank

Abstract: 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.

Keywords: Poverty; Non-contributory pensions; Mental health; Well-being (search for similar items in EconPapers)
JEL-codes: H3 H4 I1 I3 (search for similar items in EconPapers)
Date: 2021-03
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