This paper examines the impact of social pensions on old-age poverty. To achieve causal identification, we leverage the reduction in the minimum eligibility age of Mexico's flagship non-means-tested social pension program. We find that the program's expansion significantly reduced extreme poverty, mainly among indigenous seniors and in rural areas. However, it had negligible effects on labor force participation, suggesting that social pensions were not effective in ensuring minimum economic well-being and simultaneously inducing retirement among seniors at early stages of old age. The program's small cash transfer and mistargeting are among the main explanations.

中文翻译：

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社会养老金的最低资格年龄和家庭贫困：来自墨西哥的证据


本文探讨了社会养老金对老年贫困的影响。为了实现因果识别，我们利用墨西哥旗舰免经济情况调查社会养老金计划降低最低资格年龄的机会。我们发现，该计划的扩展显着减少了极端贫困，主要是土著老年人和农村地区的极端贫困。然而，它对劳动力参与率的影响可以忽略不计，这表明社会养老金在确保最低经济福祉和同时诱导老年人在老年早期退休方面并不能有效。该计划的小额现金转移和目标定位错误是主要原因。