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Old-age benefits and retirement decisions of rural elderly in Brazil

  • de Carvalho Filho, Irineu Evangelista

I estimate the impact of social security benefits on retirement decisions of rural workers by studying changes in the rules governing old-age benefits for rural workers in Brazil. I focus on a reform implemented in 1991, which reduced the minimum eligibility age, increased benefits, and extended the program to non-heads of households. Because those benefits come with no strings attached -- they are not means or retirement tested -- any behavioral response is a pure income effect. The main finding of the paper is that access to old-age benefits is a strong determinant of retirement of rural workers in Brazil: receiving old-age benefits increases the probability of not working by about thirty-eight percentage points and reduces total hours per week by 22½ h.

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Article provided by Elsevier in its journal Journal of Development Economics.

Volume (Year): 86 (2008)
Issue (Month): 1 (April)
Pages: 129-146

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Handle: RePEc:eee:deveco:v:86:y:2008:i:1:p:129-146
Contact details of provider: Web page: http://www.elsevier.com/locate/devec

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