Does the old-age pension scheme improve household welfare? Evidence from India

As India’s population has been ageing due to declines in fertility and mortality rates, more policy emphasis has been placed on reducing poverty among the elderly. The present study aims to examine the effect of Indira Gandhi National Old Age Pension Scheme (IGNOAPS) on household welfare indicators, such as consumption expenditure, income, assets, and poverty. Using the household longitudinal data based on the India Human Development Survey in...