Although there is no doubt that social security in general and pension in particular
can have positive effect on income and consumption of household as well as help to
reduce the poverty incidence. With respect to potential effect of pension on elderly
welfare, there have been limited empirical studies which focus on their work and
healthcare. This article uses the panel data from the VHLSSs 2010 and 2012 with fixed
effects model to estimate the effect of the receiving of pension on elderly welfare in
Vietnam. It is found that pension received did not have statistically significant effects on
work, wage earners and healthcare of older people, including people aged above 70