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Expanding the coverage of pension systems in Latin America

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  • Cuadros, Jéssica
  • Jiménez, Luis Felipe

Abstract

Despite the reforms undertaken by several countries in Latin America, the coverage of the region's pension systems remains inadequate. Underlying that circumstance are both context-sensitive factors and those of a more structural nature, such as the level of relative development, the difficulty of covering certain segments of the labour market, and the way in which the systems and incentives are designed. Given the decisive influence of the structural factors, the expansion of coverage will require the right combination of contributory and non-contributory systems, to which end this article makes some policy recommendations. Forestalling poverty in old age demands a combination of social insurance elements (based on saving and unfunded systems); and social security, involving some solidary and tax-related financing.

Suggested Citation

  • Cuadros, Jéssica & Jiménez, Luis Felipe, 2003. "Expanding the coverage of pension systems in Latin America," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
    • Handle: RePEc:ecr:col070:10933
    Note: Includes bibliography
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    References listed on IDEAS

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    1. Demarco, Gustavo C. & Schulthess, Walter E., 1993. "Sistema de pensiones en América Latina: Argentina: evolución del Sistema Nacional de Previsión Social y propuesta de reforma," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 30134, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
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    3. Peter Diamond, 2001. "Towards an Optimal Social Security Design," CeRP Working Papers 04, Center for Research on Pensions and Welfare Policies, Turin (Italy).
    4. Jiménez, Luis Felipe & Ruedi, Nora, 1998. "Determinants of inequality among urban households," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    5. Klaus Schmidt-Hebbel, 1998. "Does Pension Reform Really Spur Productivity, Saving, and Growth?," Working Papers Central Bank of Chile 33, Central Bank of Chile.
    6. repec:ecr:col035:5090 is not listed on IDEAS
    7. Palacios,Robert J. & Pallares-Miralles,Montserrat, 2000. "International patterns of pension provision," The Social Policy and Labor Discussion Paper Series 98252, The World Bank.
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    9. Larry Willmore, 2004. "Universal Pensions in Low Income Countries," Public Economics 0412002, University Library of Munich, Germany.
    10. Eduardo Lora & Carmen Pagés, 2000. "Hacia un envejecimiento responsable: Las reformas de los sistemas pensionales en América Latina," IDB Publications (Working Papers) 7634, Inter-American Development Bank.
    11. Mr. N. A. Barr, 2000. "Reforming Pensions: Myths, Truths, and Policy Choices," IMF Working Papers 2000/139, International Monetary Fund.
    12. Olga Lucía Acosta & Ulpiano Ayala, 2001. "Reformas pensionales y costos fiscales en Colombia," Documentos de Investigación 3435, Cepal Naciones Unidas.
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    Cited by:

    1. Torres, Miguel & Hofman, André A., 2008. "ECLAC thinking in the CEPAL Review (1976-2008)," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.

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