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Impacto de la reforma al sistema de pensiones en México sobre el ahorro

Author

Listed:
  • Alejandro Villagómez

    (Division of Economics, CIDE)

  • Juan Ignacio Hernández

Abstract

When the Mexican Pension Reform was discussed, one of the principal points argued in its favor was the positive effect over national savings. This paper carries out the first measurement of that impact using mandatory savings. We estimate a mandatory savings time series for Mexico and its relationship with voluntary private savings. Our results suggest that ten years after the reform, mandatory savings in conjunction with the change in public savings have a positive, but small, impact over national savings. There is no evidence of neutralization between voluntary and mandatory savings.

Suggested Citation

  • Alejandro Villagómez & Juan Ignacio Hernández, 2009. "Impacto de la reforma al sistema de pensiones en México sobre el ahorro," Working papers DTE 453, CIDE, División de Economía.
    • Handle: RePEc:emc:wpaper:dte453
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    File URL: http://www.economiamexicana.cide.edu/RePEc/emc/pdf/DTE/DTE453.pdf
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    Keywords

    Mexico; Pension Reform; private savings;
    All these keywords.

    JEL classification:

    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
    • P11 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Planning, Coordination, and Reform

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