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@article{ART001745075},
author={Hyunjoo Chang},
title={The Effects of Public Pension Systems on Poverty Reduction for the Aged: A Study of the Korean National Pension System},
journal={Korean Society and Public Administration},
issn={1225-8652},
year={2013},
volume={23},
number={4},
pages={265-286}

TY - JOUR
AU - Hyunjoo Chang
TI - The Effects of Public Pension Systems on Poverty Reduction for the Aged: A Study of the Korean National Pension System
JO - Korean Society and Public Administration
PY - 2013
VL - 23
IS - 4
PB - Seoul Association For Public Administration
SP - 265
EP - 286
SN - 1225-8652
AB - This study examines the effects of public pensions on poverty reduction for the aged using Korean Retirement and Income Study (KReIS) panel data. A quasi-experimental design including both national pension recipients and non-recipients was utilized, and the effects of the contribution of public income transfers on income security for the aged was compared in terms of poverty rates and equivalent household income. The results reveal that public income transfers through the national pension system contributed to an increase in equivalent household income of the pension recipient group, but did not contribute to a reduction in their poverty rates. However, a regression analysis using a difference-in-difference model suggests that the national pension system neither significantly increased their equivalent household income, nor improved poverty rates. These findings imply that previous research has overemphasized the poverty reduction effects of the national pension system, due to the inclusion of those with relatively mature vocational pensions as part of the target group. Therefore, the bandwagon effect of the national pension system has been embedded due to the effects of vocational pensions. Still, there is a need for caution when interpreting these results, as a full investigation will only be possible at least 20 years after the introduction of mandatory national pensions in 1999. Analyzing the results over a longer time period would allow for a fuller investigation of the effects. As such, the results of this study should be regarded as an interim analysis.
KW - Public pension;National pension system;Elderly poverty reduction;Difference-in-dif ference model
DO -
UR -
ER -

Hyunjoo Chang. (2013). The Effects of Public Pension Systems on Poverty Reduction for the Aged: A Study of the Korean National Pension System. Korean Society and Public Administration, 23(4), 265-286.

Hyunjoo Chang. 2013, "The Effects of Public Pension Systems on Poverty Reduction for the Aged: A Study of the Korean National Pension System", Korean Society and Public Administration, vol.23, no.4 pp.265-286.

Hyunjoo Chang "The Effects of Public Pension Systems on Poverty Reduction for the Aged: A Study of the Korean National Pension System" Korean Society and Public Administration 23.4 pp.265-286 (2013) : 265.

Hyunjoo Chang. The Effects of Public Pension Systems on Poverty Reduction for the Aged: A Study of the Korean National Pension System. 2013; 23(4), 265-286.

Hyunjoo Chang. "The Effects of Public Pension Systems on Poverty Reduction for the Aged: A Study of the Korean National Pension System" Korean Society and Public Administration 23, no.4 (2013) : 265-286.

Hyunjoo Chang. The Effects of Public Pension Systems on Poverty Reduction for the Aged: A Study of the Korean National Pension System. Korean Society and Public Administration, 23(4), 265-286.

Hyunjoo Chang. The Effects of Public Pension Systems on Poverty Reduction for the Aged: A Study of the Korean National Pension System. Korean Society and Public Administration. 2013; 23(4) 265-286.

Hyunjoo Chang. The Effects of Public Pension Systems on Poverty Reduction for the Aged: A Study of the Korean National Pension System. 2013; 23(4), 265-286.

Hyunjoo Chang. "The Effects of Public Pension Systems on Poverty Reduction for the Aged: A Study of the Korean National Pension System" Korean Society and Public Administration 23, no.4 (2013) : 265-286.