State pension and labour market dynamics in South Africa
| dc.contributor.author | Geel, Katherine | |
| dc.date.accessioned | 2023-08-24T13:41:17Z | |
| dc.date.available | 2023-08-24T13:41:17Z | |
| dc.date.issued | 2006 | |
| dc.date.updated | 2023-08-24T13:40:55Z | |
| dc.description.abstract | State pensions in South Africa are characterised by their generosity. The current level is approximately double the median per capita income of Africans in 1993. It is possible that pension receipt in a household could have a strong effect on labour market outcomes. This paper investigates the effects of access to pension income on labour supply and employment probability, The large negative elasticity of labour supply to pension income found in Bertrand, Mullainathan and Miller (2003) is much reduced, although the employment probability elasticity has increased in size. Eligible households are characterised by larger household size, higher unemployment levels, lower numbers of prime age workers present in the household, and on average younger members. These patterns tie in with our hypothesis that pension income is used to fund migration and job search, and thus a true picture of the effect of pension payments on labour supply must take this into account, We also investigate the effect of membership of a social network on employment probability. We find that network membership enables individuals to overcome the negative effect of pension income on employment probability. | |
| dc.identifier.apacitation | Geel, K. (2006). <i>State pension and labour market dynamics in South Africa</i>. (). ,Faculty of Commerce ,School of Economics. Retrieved from http://hdl.handle.net/11427/38285 | en_ZA |
| dc.identifier.chicagocitation | Geel, Katherine. <i>"State pension and labour market dynamics in South Africa."</i> ., ,Faculty of Commerce ,School of Economics, 2006. http://hdl.handle.net/11427/38285 | en_ZA |
| dc.identifier.citation | Geel, K. 2006. State pension and labour market dynamics in South Africa. . ,Faculty of Commerce ,School of Economics. http://hdl.handle.net/11427/38285 | en_ZA |
| dc.identifier.ris | TY - Master Thesis AU - Geel, Katherine AB - State pensions in South Africa are characterised by their generosity. The current level is approximately double the median per capita income of Africans in 1993. It is possible that pension receipt in a household could have a strong effect on labour market outcomes. This paper investigates the effects of access to pension income on labour supply and employment probability, The large negative elasticity of labour supply to pension income found in Bertrand, Mullainathan and Miller (2003) is much reduced, although the employment probability elasticity has increased in size. Eligible households are characterised by larger household size, higher unemployment levels, lower numbers of prime age workers present in the household, and on average younger members. These patterns tie in with our hypothesis that pension income is used to fund migration and job search, and thus a true picture of the effect of pension payments on labour supply must take this into account, We also investigate the effect of membership of a social network on employment probability. We find that network membership enables individuals to overcome the negative effect of pension income on employment probability. DA - 2006 DB - OpenUCT DP - University of Cape Town KW - economics LK - https://open.uct.ac.za PY - 2006 T1 - State pension and labour market dynamics in South Africa TI - State pension and labour market dynamics in South Africa UR - http://hdl.handle.net/11427/38285 ER - | en_ZA |
| dc.identifier.uri | http://hdl.handle.net/11427/38285 | |
| dc.identifier.vancouvercitation | Geel K. State pension and labour market dynamics in South Africa. []. ,Faculty of Commerce ,School of Economics, 2006 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/38285 | en_ZA |
| dc.language.rfc3066 | eng | |
| dc.publisher.department | School of Economics | |
| dc.publisher.faculty | Faculty of Commerce | |
| dc.subject | economics | |
| dc.title | State pension and labour market dynamics in South Africa | |
| dc.type | Master Thesis | |
| dc.type.qualificationlevel | Masters | |
| dc.type.qualificationlevel | MCom |