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Better Pensions, Better Jobs: Towards Universal Coverage in Latin America and the Caribbean


  • Bosch, Mariano
  • Melguizo, Ángel
  • Pagés, Carmen


The Latin America and Caribbean (LAC) region has reduced its inequality and poverty, and is looking towards the future with greater optimism than in the past. As the region grows, new problems appear that economic policymakers must address. How to provide adequate pensions for the elderly is one such problem. This book offers an analysis of pension systems from the perspective of the functioning of the regions labor markets. It clarifies why, more than half a century after pension systems were created, only a minority of workers in the region save for their pension in the contributory systems through payroll taxes. The study points out that the problem lies not only in the lack of coverage, but also in the low level of benefits, even of contributory pensions. It argues that to design public policies for pensions, it is essential to understand the complex web of interactions between employers and workers that take place in the labor market.

Suggested Citation

  • Bosch, Mariano & Melguizo, Ángel & Pagés, Carmen, 2018. "Better Pensions, Better Jobs: Towards Universal Coverage in Latin America and the Caribbean," IDB Publications (Books), Inter-American Development Bank, number 462, May.
  • Handle: RePEc:idb:idbbks:462

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    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Catalina Amuedo‐Dorantes & Laura Juarez & Jorge Alonso, 2019. "The Effect Of Noncontributory Pensions On Saving In Mexico," Economic Inquiry, Western Economic Association International, vol. 57(2), pages 931-952, April.
    2. Villa, Juan Miguel & Fernandes, Danilo & Bosch, Mariano, 2015. "Nudging the Self-employed into Contributing to Social Security: Evidence from a Nationwide Quasi Experiment in Brazil," IDB Publications (Working Papers) 7313, Inter-American Development Bank.
    3. Rosangela Bando & Sebastian Galiani & Paul Gertler, 2020. "The Effects of Noncontributory Pensions on Material and Subjective Well-Being," Economic Development and Cultural Change, University of Chicago Press, vol. 68(4), pages 1233-1255.
    4. -, 2020. "Universal Social Protection in Latin America and the Caribbean. Selected texts 2006-2019," Páginas Selectas de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 8 edited by Eclac.
    5. Sebastian Martinez & Michelle Pérez & Luis Tejerina & Anastasiya Yarygina, 2020. "Pensions for the Poor: the Effects of Non-contributory Pensions in El Salvador," Journal of Economics, Race, and Policy, Springer, vol. 3(1), pages 96-115, March.
    6. Bosch, Mariano & Schady, Norbert, 2019. "The effect of welfare payments on work: Regression discontinuity evidence from Ecuador," Journal of Development Economics, Elsevier, vol. 139(C), pages 17-27.
    7. Rosangela Bando, 2019. "Evidence-based gender equality policy and pay in Latin America and the Caribbean: progress and challenges," Latin American Economic Review, Springer;Centro de Investigaciòn y Docencia Económica (CIDE), vol. 28(1), pages 1-23, December.
    8. repec:idb:brikps:7203 is not listed on IDEAS
    9. Ardanaz, Martín & Hallerberg, Mark & Scartascini, Carlos, 2020. "Fiscal consolidations and electoral outcomes in emerging economies: Does the policy mix matter? Macro and micro level evidence from Latin America," European Journal of Political Economy, Elsevier, vol. 64(C).
    10. Miguel Angel Borrella-Mas & Mariano Bosch & Marcello Sartarelli, 2019. "Heterogeneous Effect of a Non-contributory Pension. Evidence from Bolivia," Documentos de Trabajo del ICAE 2019-35, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
    11. Garcia Huitron, Manuel & Ponds, Eduard, 2016. "Participation and Choice in Funded Pension Plans : Guidance for the Netherlands from Worldwide Diversity," Other publications TiSEM 5351a381-f866-4566-82d8-9, Tilburg University, School of Economics and Management.
    12. Angel Melguizo, 2015. "Pensions, informality, and the emerging middle class," IZA World of Labor, Institute of Labor Economics (IZA), pages 169-169, July.


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