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Work, retirement and vulnerability of older persons in Latin America: what are the lessons for pension design?

  • Armando Barrientos

    (University of Hertfordshire Business School, Hertford, UK)

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    The work and retirement behaviour of older groups, and their vulnerability to economic conditions ought to be key parameters for pension reform, especially as regards the design of pension schemes and pension benefits. In practice, very little attention has been paid to these issues in Latin America. This paper examines the economic status and incomes of older groups and their households in Chile. It considers the extent to which older groups are vulnerable to changes in economic conditions, and the impact that pension and health reform will have on their vulnerability. It concludes that current social security reforms in the region will contribute to increased vulnerability among older groups. Copyright © 2000 John Wiley & Sons, Ltd.

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    Article provided by John Wiley & Sons, Ltd. in its journal Journal of International Development.

    Volume (Year): 12 (2000)
    Issue (Month): 4 ()
    Pages: 495-506

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    Handle: RePEc:wly:jintdv:v:12:y:2000:i:4:p:495-506
    Contact details of provider: Web page: http://www3.interscience.wiley.com/journal/5102/home

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    1. Peter S. Heller, 1998. "Rethinking Public Pension Reform Initiatives," IMF Working Papers 98/61, International Monetary Fund.
    2. Michael J. Boskin & John B. Shoven, 1984. "Concepts and Measures of Earnings Replacement During Retirement," NBER Working Papers 1360, National Bureau of Economic Research, Inc.
    3. Wood, Adrian, 1997. "Openness and Wage Inequality in Developing Countries: The Latin American Challenge to East Asian Conventional Wisdom," World Bank Economic Review, World Bank Group, vol. 11(1), pages 33-57, January.
    4. Ronald Fischer & Alejandra Mizala & Pilar Romaguera, 1998. "Financiamiento de la Salud en la Tercera Edad en el Sistema Isapre," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 35(104), pages 73-95.
    5. Zvi Bodie & John B. Shoven & David A. Wise, 1987. "Issues in Pension Economics," NBER Books, National Bureau of Economic Research, Inc, number bodi87-1.
    6. Michael J. Boskin & John B. Shoven, 1987. "Concepts and Measures of Earnings Replacement During Retirement," NBER Chapters, in: Issues in Pension Economics, pages 113-146 National Bureau of Economic Research, Inc.
    7. Cox, Donald C & Jimenez, Emmanuel, 1992. "Social Security and Private Transfers in Developing Countries: The Case of Peru," World Bank Economic Review, World Bank Group, vol. 6(1), pages 155-69, January.
    8. James, Estelle, 1996. "Protecting the old and promoting growth : a defense of averting the old age crisis," Policy Research Working Paper Series 1570, The World Bank.
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