| 000 -LEADER |
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| fixed length control field |
01458nam a22001457a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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| fixed length control field |
230810b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
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| Personal name |
Poste, Paul Dutronc and Tondini, Alessandro |
| 245 ## - TITLE STATEMENT |
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| Title |
Large means-tested pensions with informal labor markets: Evidence from south Africa |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) |
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| Place of publication, distribution, etc |
Economic Development and Cultural Change |
| 300 ## - PHYSICAL DESCRIPTION |
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| Extent |
71(3), Apr, 2023: p.1149-1178 |
| 520 ## - SUMMARY, ETC. |
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| Summary, etc |
We investigate how means-tested public pensions interact with the informal sector, by exploiting a reform in the noncontributory old-age pension system in South Africa, where the eligibility age was lowered from 65 to 60 for men. By employing a difference-in-discontinuities (“diff-in-disc”) approach, we show that this reform triggered a large drop in elderly male employment. The response at the extensive margin comes from informal workers, who drop out of the labor force, while formal employment is mostly unaffected, despite the implicit incentive to draw benefits and simultaneously work informal jobs. This heterogeneity is not due to the lower earnings in informal jobs; at the same level of hourly earnings, informal workers drop out, while formal workers do not. Overall, we argue that this response is indicative of the “subsistence” nature of informal employment in South Africa, in particular, among the elderly. – Reproduced |
| 773 ## - HOST ITEM ENTRY |
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| Main entry heading |
Economic Development and Cultural Change |
| 906 ## - LOCAL DATA ELEMENT F, LDF (RLIN) |
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| Subject DIP |
LABOR MARKETS |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) |
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| Item type |
Articles |
