Understanding Poverty among the Elderly in India: Implications for Social Pension Policy
AbstractThe Government of India is implementing a new policy which dramatically increases funding for a cash transfer program targeted to the poor elderly. The expansion of this ‘social pension’ in terms of coverage and benefit levels is taking place with little understanding of poverty among India’s elderly or its determinants. This paper finds that households with elderly members do not have higher poverty rates than non-elderly households. This result is robust under various measures that take into account the size and composition of households. Separate evidence suggests that part of the explanation for this phenomenon is that the poor have higher mortality rates and are therefore underrepresented. This explanation has important implications for social pension policy and suggests that programs that reduce elderly mortality may actually increase the relative poverty levels of the elderly.
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 3431.
Length: 41 pages
Date of creation: Apr 2008
Date of revision:
Publication status: published in: Journal of Development Studies, 2011, 47 (7), 1017 - 1037
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Other versions of this item:
- Sarmistha Pal & Robert Palacios, 2011. "Understanding Poverty among the Elderly in India: Implications for Social Pension Policy," Journal of Development Studies, Taylor & Francis Journals, vol. 47(7), pages 1017-1037.
- NEP-AGE-2008-04-21 (Economics of Ageing)
- NEP-ALL-2008-04-21 (All new papers)
- NEP-CWA-2008-04-21 (Central & Western Asia)
- NEP-HAP-2008-04-21 (Economics of Happiness)
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