Non-Contributory Pensions and Savings: Evidence from Argentina

Martín González-Rozada, H. Ruffo
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引用次数: 6

Abstract

This paper examines the effects of Argentina's Plan de Inclusion Previsional (PIP), which changed the pension system in a way that generated a new noncontributory pillar, produced a huge expansion in pension coverage between 2005 and 2008 and a transfer of a vast amount of resources to households. Using a difference in differences methodology it is found that the PIP policy has reduced the incentives to work and to be in the labor force of those workers directly affected by the policy, mostly women of retirement age, but also some younger workers. The policy increases consumption of food and non-durable goods and health expenditure by beneficiary households. At the same time, the policy reduced incentives to save. Thus, the overall effect of the noncontributory pension scheme implies a substantial reduction in national savings.
非供款养老金和储蓄:来自阿根廷的证据
本文考察了阿根廷的临时包容性计划(PIP)的影响,该计划改变了养老金制度,产生了一个新的非缴费支柱,在2005年至2008年期间大幅扩大了养老金覆盖面,并向家庭转移了大量资源。使用差异中的差异方法发现,PIP政策减少了直接受该政策影响的工人的工作动机和加入劳动力队伍的动机,这些工人大多是退休年龄的妇女,但也有一些较年轻的工人。该政策增加了受益家庭的粮食和非耐用品消费以及保健支出。与此同时,该政策降低了储蓄的动机。因此,非缴款养恤金计划的总影响意味着国民储蓄的大量减少。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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