SMU SOE Seminar (October 13, 2022): Short-term Impact of Income on Mortality: Evidence from South Korea’s Public Pension Programs

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ABSTRACT We examine the short-term impact of pension income receipt on older adults’ mortality by exploiting the pension disbursement date falling on the 25th of every month in South Korea. Using the national death registry data, we document that the mortality rate decreases by two percent in the week of the disbursement date compared to the prior week. The effects are larger i) among those with lower educational attainment or without spouses, ii) when individuals are required to wait for a longer period before the next disbursement, and iii) during the summer/winter season with greater demands for air conditioning/heating. Keywords: income effect, liquidity constraints, public pension, mortality, older adults JEL Codes: H55, I18 Click here to view the CV. Click here to view the paper.
		PRESENTER Kanghyock Koh Korea University
		RESEARCH FIELDS Health Economics Public Economics Labor Economics Applied Microeconomics
		DATE: 13 October 2022 (Thursday)
		TIME: 4pm - 5.30pm
		VENUE: Meeting Room 5.1, Level 5 School of Economics Singapore Management University 90 Stamford Road Singapore 178903