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The Effects of Means-Tested Noncontributory Pensions on Poverty and Well-Being: Evidence from the Chilean Pension Reforms (PDF)
Michigan Retirement Research Center [MRRC] Apr. 24, 2017 "This paper examines the impact of the 2008 Chilean pension on labor supply and well-being... [P]reliminary estimates suggest that the pension reforms induced an increase in the probability of working formally, but at least among females, they reduced labor market participation.... Besides some improvements in aggregate household expenditures and in measures of subjective well-being measures among males, [the authors] do not detect robust changes in health and well-being among individuals near retirement." |
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