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Evaluating the Impact of COVID-19 on Pension Systems in Latin America and the Caribbean: The Case of Argentina

Author

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  • Rofman, Rafael
  • Baliña, Joaquín
  • López Méndez, Emanuel

Abstract

This paper presents a first approximation to assess the impact of the COVID-19 outbreak on Argentinas pension system in both the short and medium/long-term. To this end, we have used the Pension Projection Model of the Inter-American Development Bank (IDB) to design and analyze possible scenarios and outcomes, based on alternative scenarios. According to the data analyzed and the projections, the impact of COVID-19 on Argentinas pension system in the short run seems to have been limited, particularly given the rapid recovery during the last months of 2021. The long-term impact is harder to predict. Given the macroeconomic effects of the efforts made by authorities to protect the system and pensioners during the pandemic on the one hand; and the effects of COVID-19 within the labor market on the other, overall consequences are still to be fully understood.

Suggested Citation

  • Rofman, Rafael & Baliña, Joaquín & López Méndez, Emanuel, 2022. "Evaluating the Impact of COVID-19 on Pension Systems in Latin America and the Caribbean: The Case of Argentina," IDB Publications (Working Papers) 12467, Inter-American Development Bank.
    • Handle: RePEc:idb:brikps:12467
    DOI: http://dx.doi.org/10.18235/0004508
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    More about this item

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination

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