How Public Pension Affects Elderly Labor Supply and Well-Being: Evidence from India

46 Pages Posted: 4 Jun 2013

See all articles by Neeraj Kaushal

Neeraj Kaushal

Columbia University - School of Social Work; National Bureau of Economic Research (NBER)

Date Written: May 2013

Abstract

We study the effect of a recent expansion in India's National Old Age Pension Scheme on elderly well-being. Estimates suggest that public pension has a modestly negative effect on the employment of elderly/near elderly men with a primary or lower education but no effect of the employment of similar women. Pension raised family expenditures, lowering poverty, and the effect was smaller on families headed by illiterate persons suggesting lower pension coverage of this most disadvantaged group. Further, households spent most of the pension income on medical care and education. We find some weak evidence that pension raised longevity.

Suggested Citation

Kaushal, Neeraj, How Public Pension Affects Elderly Labor Supply and Well-Being: Evidence from India (May 2013). NBER Working Paper No. w19088, Available at SSRN: https://ssrn.com/abstract=2274002

Neeraj Kaushal (Contact Author)

Columbia University - School of Social Work ( email )

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