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Some Features on Current Pension System Reform in Latin America

Economic Analysis Review

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Title Some Features on Current Pension System Reform in Latin America
Some Features on Current Pension System Reform in Latin America
 
Creator Uthoff Botka, Andras
 
Description The heterogenous nature of their population is an important feature of Latin American and Caribbean countries. Overall demographic transition is late and lagged within countries in some population groups: aging is taking place at a relatively fast pace, with yet a large share of the labour force in informal sector with no social security coverage and also growing at high rates. The challenge to pension systems is to improve their performance within societies with a large incidence of poverty, emerging (and some times incipient) capital markets, and increasing demands for benefits. Reform alternatives in Chile. Argentina and Colombia show that their profiles differ as the result of decisions about the adequate weighting of costs and gains in the transition from a pay-as-you go scheme to a full funded one.
The heterogenous nature of their population is an important feature of Latin American and Caribbean countries. Overall demographic transition is late and lagged within countries in some population groups: aging is taking place at a relatively fast pace, with yet a large share of the labour force in informal sector with no social security coverage and also growing at high rates. The challenge to pension systems is to improve their performance within societies with a large incidence of poverty, emerging (and some times incipient) capital markets, and increasing demands for benefits. Reform alternatives in Chile. Argentina and Colombia show that their profiles differ as the result of decisions about the adequate weighting of costs and gains in the transition from a pay-as-you go scheme to a full funded one.
 
Publisher Universidad Alberto Hurtado - Facultad de Economía y Negocios
 
Contributor

 
Date 2010-03-08
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion


 
Format application/pdf
 
Identifier http://www.rae-ear.org/index.php/rae/article/view/192
 
Source Revista de Análisis Económico - Economic Analysis Review; Vol 9, No 1 (1994); 211-235
Revista de Análisis Económico – Economic Analysis Review; Vol 9, No 1 (1994); 211-235
0718-8870
0716-5927
 
Language eng
 
Relation http://www.rae-ear.org/index.php/rae/article/view/192/349