Participation in the Peruvian reformed pension system
AbstractOne of the important aspects in the design of social protection is coverage. In Peru, as in most Latin American countries, social security participation is compulsory only for workers in the formal sector. There is a large sector of the population for which participation is voluntary. This paper investigates the determinants of enrolment to the pension system in Peru. In particular, we found that a selected group of people i.e. married males with at least secondary education, high income and with other family members already participating in the pension system, have a higher likelihood of participation. Moreover, the results also suggest that family based safety nets have a negative effect on the probability of pension participation.
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Bibliographic InfoPaper provided by University of Essex, Department of Economics in its series Economics Discussion Papers with number 592.
Date of creation: 25 Feb 2005
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Postal: Discussion Papers Administrator, Department of Economics, University of Essex, Wivenhoe Park, Colchester CO4 3SQ, U.K.
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