Expansion of Cash Transfer for the Elder and Elderly Suicide Rates
◈ 주 제 : Expansion of Cash Transfer for the Elder and Elderly Suicide Rates - Changsu Ko, Hwanoong Lee
◈ 발표자 : 고창수 (Korea Institute of Public Finance)
◈ 일 시 : 2024년 4월 24일 수요일 16:30 ~ 17:45
◈ 장 소 : 우석경제관(223동) 308호
◈ 주 관 : 경제학부, 경제연구소 한국경제혁신센터, SSK, BK21
Expansion of Cash Transfer for the Elder and Elderly Suicide Rates
Abstract:
This study examines the causal impact of expanding the elderly welfare expenditure in South Korea on the elderly suicide rate, utilizing changes in the Basic Pension system as an instrumental variable. We find that an increase in welfare expenditure significantly lowers suicide rate among those 65+, especially in men over 80. Lastly, our analysis of elderly households’ income and consumption indicates that while total income remained stable, consumption rose following enhanced public income transfers. This implies that stronger public income transfer programs reduce income uncertainty, boost consumption and leisure, and consequently lower the suicide rate.
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