Impact of Retirements and Pensions on the Social Welfare of the Households from Minas Gerais State

Abstract

One of the main arguments for the existence of public social security systems relates to their potential use as income distribution and welfare policy tools. In this vein, several studies have sought to evaluate the effects of social security benefits on poverty and inequality. However, the evidence obtained from Brazilian studies regarding the effects of social security remains inconclusive, and studies evaluating the impact of social security on social welfare indices are scarce. The objective of this paper is to measure the impact of retirement and pensions provided by social security programs on the welfare level of households in the state of Minas Gerais, Brazil. The methodological approach is based on propensity score matching, and microdata from the National Household Sample Survey (Pesquisa Nacional por Amostra de Domicílios -PNAD, 2009) are used. The results demonstrate that income from retirement and pensions represents an important portion of beneficiary households' income, especially lower-income beneficiary households. The results suggest that social security has a positive effect on the incomes, access to knowledge and living conditions of the households analyzed. The impact of retirement and pensions on households in low-income groups (Classes D and E) tends to be more significant relative to the impact on middle class households (Class C).

Habitus of social security in the lifestyles of rural families: the case of the São Miguel do Anta and Piranga municipalities in Zona da Mata Mineira, Brazil

“…As observed by SOUZA (2006), the elderly life habitus is transformed by receiving a rural retirement income, pushing them closer to secondary habitus through the institutionalization of social security habitus in their lives. Receiving the benefit provided access to money, and this becomes a mediator for the incorporation of living standards closer to those of urban population as pointed out by REIS et al (2015).…”

“…The investment of pension benefits into household refurbishment and devices reveals a concern in improving quality of life as pointed out by REIS et al (2015). The importance given to accommodation improvements, which was apparent among women, was not restricted only to the physical structure of their houses but extended to the acquisition of household appliances and furniture.…”

Quem perde e quem ganha com a PEC 287/2016? Uma análise pela variação da riqueza atuarial do segurado urbano brasileiro do Regime Geral de Previdência Social

“…A group of studies evaluates the progressivity (reduction of inequalities) or regressivity in the income distribution by the Gini Index decomposition. They usually work based on data from the National Household Sample Survey (PNAD), the Continuous PNAD (Caetano et al, 2016;Medeiros & Souza, 2014;Rangel & Saboia, 2015), or the Family Development Index, which, according to Reis, Silveira, Braga and Costa (2015), minimizes deficiencies in the Human Development Index.…”

Factors associated with the receipt of pensions among older adults

“…In addition to the, which is responsible for the largest population coverage, public workers are covered by the General Social Security Scheme and each State has its own scheme, which cover approximately eight million beneficiaries 2 . Both schemes are public and compulsory, funded by contributions from employees and employers on salaries, taxation on revenue, and net profits of companies and other sources 3 .…”