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Health improvements of older adults based on benefit duration: Lessons from Korean social pension policies

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  • Hwang, Inuk
  • Lee, Tae-Jin

Abstract

The social pension, introduced in 2008 in Korea, has now become the most prominent old age income for most older adults. As of May 2022, it paid a monthly benefit of around USD 275 for 6.0 million older persons aged 65 and over who belong to the bottom 70% of the income and asset distribution. Although social pension's objectives focus on alleviating old age poverty and increasing income levels, it also encompasses a clear implication on health: social pension benefit can be spent on items or activities that improve the beneficiary's health.

Suggested Citation

  • Hwang, Inuk & Lee, Tae-Jin, 2022. "Health improvements of older adults based on benefit duration: Lessons from Korean social pension policies," Social Science & Medicine, Elsevier, vol. 315(C).
    • Handle: RePEc:eee:socmed:v:315:y:2022:i:c:s0277953622008206
    DOI: 10.1016/j.socscimed.2022.115514
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