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2019 Conference

del 21 al 23 de May del 2019

Westin Arlington Gateway, Arlington, VA, USA

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G3a Expectations of Old Age Pension Support and Consumption Behaviors: Evidence from Korea

jueves, el 23 de mayo de 2019 a las 13:00–14:30 EDT
F. Scott Fitzgerald D
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

Additional Authors

Swarn Chatterjee, University of Georgia
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