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G3a Expectations of Old Age Pension Support and Consumption Behaviors: Evidence from Korea
Key Words
Basic Income, Basic Old Age Pension, Consumption Behavior, Financial Decisions
Short Description
In 2008, the Basic Old Age Pension (BOAP) program was introduced in South Korea. The BOAP is a non-contributory social pension program. This paper examines the association between the expectation of old age financial stability resulting from the BOAP and changes in consumption of non-durable goods among elderly Koreans. This study uses a panel comprised of the 2008-2012 waves of the Korean Longitudinal Study of Aging (KLOSA) dataset.
First & Corresponding Author
Young Joo Choung, University of Georgia
Authors in the order to be printed
Young Joo Choung, Swarn Chatterjee