The health implications of social security failure: evidence from the Russian pension crisis

Jensen, Robert T.; & Richter, Kaspar. (2004). The health implications of social security failure: evidence from the Russian pension crisis. Journal of Public Economics, 88(1-2), 209-236.

Citation:

Jensen, Robert T.; & Richter, Kaspar. (2004). The health implications of social security failure: evidence from the Russian pension crisis. Journal of Public Economics, 88(1-2), 209-236.

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Abstract:

We explore whether health is vulnerable to income shocks, focusing on a recent crisis in Russia during which many pensioners were not paid for an extended period of time. Using panel data spanning the crisis, we find that among affected pensioners, poverty rates doubled, and the intake of calories and protein and the use of health services and medications declined significantly. These pensioners were also 5 percent more likely to die in the two years following the crisis. However, households responded in ways that mitigated the impact of the crisis, replacing one-fifth of lost pension income through increased labor supply and asset sales.

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http://dx.doi.org/10.1016/S0047-2727(02)00143-3

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Reference Type:
JOUR

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Author(s):
Jensen, Robert T.
Richter, Kaspar

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Year Published:
2004

Date Published:

Journal Name:
Journal of Public Economics

Volume Number:
88

Issue Number:
1-2

Start Page Number:
209-236

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ISSN/ISBN:
0047-2727

DOI:
10.1016/S0047-2727(02)00143-3

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Reference ID:
1293

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The health implications of social security failure: evidence from the Russian pension crisis