Replication data for: Consumption Smoothing and Frequency of Benefit Payments of Cash Transfer Programs
- Aguila, Emma
- Kapteyn, Arie
- Perez-Arce, Francisco
AbstractWe analyze two noncontributory Mexican pension programs for the elderly. Both paid similar amounts, but one paid monthly while the other paid every two months. The Life Cycle Hypothesis suggests frequency of benefits payments should not affect consumption smoothing, but we find the monthly program was more effective in smoothing food expenditure. It also increased doctor visits and reduced the incidence of hunger spells. Under the bimonthly program, expenditures on food significantly decline between paychecks but ownership of durable goods increased. This suggests the importance of payment frequency in social programs.
Is supplement to
DOI: 10.1257/aer.p20171147 (Text)
Aguila, Emma, Arie Kapteyn, and Francisco Perez-Arce. “Consumption Smoothing and Frequency of Benefit Payments of Cash Transfer Programs.” American Economic Review 107, no. 5 (May 2017): 430–35. https://doi.org/10.1257/aer.p20171147.
- ID: 10.1257/aer.p20171147 (DOI)
Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12