Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/173894
Authors: 
Bando Grana, Rosangela
Galiani, Sebastián
Gertler, Paul J.
Year of Publication: 
2017
Series/Report no.: 
IDB Working Paper Series IDB-WP-840
Abstract: 
Public expenditures on non-contributory pensions are equivalent to at least one 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 Pension 65 program in Peru, which uses a poverty eligibility threshold. We find that the program reduced the average score of beneficiaries on the Geriatric Depression Scale by nine percent and reduced the proportion of older adults doing paid work by four percentage points. Moreover, households with a beneficiary increased their level of consumption by 40 percent. All these effects are consistent with the findings of Galiani, Gertler and Bando (2016) in their study on a non-contributory pension scheme in Mexico. Thus, we conclude that the effects of non-contributory pensions on well-being in rural Mexico can be largely generalized to Peru.
Subjects: 
Non-contributory pensions
poverty
mental health and well being
JEL: 
H4
H3
I1
I3
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by-nc-nd/3.0/igo/legalcode
Document Type: 
Working Paper

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