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What Are the Effects of Expanding Social Pension on Health? Evidence from the Basic Pension in South Korea

Tae-Young Pak ()

MPRA Paper from University Library of Munich, Germany

Abstract: Non-contributory social pension has been widely used to provide minimum income support for disadvantaged seniors. Despite its efficacy in reducing old-age poverty, only a few studies systematically assessed whether the benefits of social pension extend to health outcomes. In this paper, we exploit a reform to the South Korean social pension in 2014 to provide evidence on the health effects of expanding social pension. Using data from the Korean Longitudinal Study of Aging, we estimate a series of difference-in-differences models that compare changes in health of individuals age-eligible for the social pension (age ≥ 65) to those younger than the minimum qualification age (age

Keywords: old-age poverty; non-contributory pension; depression; financial satisfaction; South Korea (search for similar items in EconPapers)
JEL-codes: H5 I31 I38 J14 (search for similar items in EconPapers)
Date: 2020-04-07, Revised 2020-09-29
New Economics Papers: this item is included in nep-age and nep-hea
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