Impacto Macroeconómico de la Reforma de Pensiones en México
In this paper we estimate the macroeconomic impact of the 1997 Mexican pension reform, which substituted a pay-as-you-go for a fully- funded system with individual accounts. To analyze the impact of the reform on GDP growth, three main channels are considered: national savings and domestic investment; labor markets; and the development of capital markets. Our estimations suggest that the reform has contributed between 0.18 and 0.52 percentage points of the average GDP growth rate, which has been 2.4% in the last 15 years.
|Date of creation:||Oct 2013|
|Contact details of provider:|| Postal: Carretera México Toluca 3655 Lomas Sta. Fe, México D.F.|
Phone: 01 800 021 2433
Web page: http://www.cide.edu/divisiones-academicas/economia/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:emc:wpaper:dte560. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Daniel Ventosa-Santaulària)
If references are entirely missing, you can add them using this form.