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Citation Information

Type Journal Article - South African Journal of Economics
Title The effect of the South African old age pension on labour supply of the elderly
Volume 74
Issue 4
Publication (Day/Month/Year) 2006
Page numbers 725-744
URL http://onlinelibrary.wiley.com/doi/10.1111/j.1813-6982.2006.00098.x/abstract
In this paper, we estimate the effect of the means tested South African Old Age Pension on labour supply amongst the elderly African subpopulation in South Africa.We find significant decreases in employment rates and labour supply. Those who remain employed beyond the pensionable age are more likely to work in jobs with flexible hours of work, and work even fewer hours than people in similar jobs who are not pension age-eligible. Our results suggest that governments do need to consider the labour supply related incentives provided via its various welfare programmes.

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