IDEAS home Printed from https://ideas.repec.org/p/wbk/hdnspu/70926.html
   My bibliography  Save this paper

Pension coverage in Latin America : trends and determinants

Author

Listed:
  • Rofman, Rafael
  • Oliveri, Maria Laura

Abstract

This document presents an analysis of pension coverage trends in Latin America for the past decades. Its preparation involved the collection, revision, and processing of household surveys in over 18 countries in the region, spanning a period of almost 40 years in some cases. The main goal of this document is to offer comparable data on pension coverage among the economically active population and the elderly, considering the relevance of several demographic, social, and economic variables on these coverage levels. By producing this large and comparable regional dataset, the document supports the discussion of several stylized facts on pension coverage in Latin America. The results show that coverage among active workers is low in most countries, although there has been a relative improvement since the early 1990s. The situation is still distressing among workers in the primary sector or employed by small enterprises as well as for women, primarily because of their persistent lower rates of labor market participation. In recent years coverage of some of the most vulnerable groups has increased, but it still presents very low rates. Among the elderly, regional averages have been very stable since the early 1990s, although this average hides important differences among countries.

Suggested Citation

  • Rofman, Rafael & Oliveri, Maria Laura, 2012. "Pension coverage in Latin America : trends and determinants," Social Protection and Labor Policy and Technical Notes 70926, The World Bank.
  • Handle: RePEc:wbk:hdnspu:70926
    as

    Download full text from publisher

    File URL: http://www-wds.worldbank.org/servlet/WDSContentServer/WDSP/IB/2012/07/13/000333038_20120713021409/Rendered/PDF/709260NWP0P12600Box370060B00PUBLIC0.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Bertranou, Fabio & Calvo, Esteban & Bertranou, Evelina, 2009. "Is Latin America retreating from individual retirement accounts?," MPRA Paper 17422, University Library of Munich, Germany.
    2. Rofman, Rafael & Fajnzylber, Eduardo & Herrera, Germán, 2010. "Reforming the pension reforms: Argentina and Chile," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    Full references (including those not matched with items on IDEAS)

    Citations

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


    Cited by:

    1. Umapathi, Nithin & Wang, Dewen & O'Keefe, Philip, 2013. "Eligibility thresholds for minimum living guarantee programs : international practices and implications for China," Social Protection and Labor Policy and Technical Notes 83118, The World Bank.
    2. Esteban Calvo, 2014. "Comparative-historical Analysis of Aging Policy Reforms in Argentina, Chile, Costa Rica, and Mexico," Working Papers 61, Facultad de Economía y Empresa, Universidad Diego Portales.
    3. Domelen, Julie van, 2012. "Togo : towards a national social protection policy and strategy," Social Protection and Labor Policy and Technical Notes 89000, The World Bank.
    4. Alvaro Forteza & Cecilia Noboa, 2014. "Discretion Rather than Simple Rules: the Case of Social Protection," Documentos de Trabajo (working papers) 0814, Department of Economics - dECON.
    5. Holzmann, Robert, 2012. "Global Pension Systems and Their Reform: Worldwide Drivers, Trends, and Challenges," IZA Discussion Papers 6800, Institute for the Study of Labor (IZA).
    6. Mehdi Ben Braham & Mohamed Ali Marouani, 2016. "Determinants of Contribution Density of the Tunisian Pension System: a Cross Sectional Analysis," Working Papers 1005, Economic Research Forum, revised May 2016.
    7. Camila Arza, 2017. "The expansion of economic protection for older adults in Latin America: Key design features of non-contributory pensions," WIDER Working Paper Series 029, World Institute for Development Economic Research (UNU-WIDER).
    8. Holzmann, Robert, 2014. "Old-age financial protection in Malaysia : challenges and options," Social Protection and Labor Policy and Technical Notes 92725, The World Bank.
    9. Eduardo A. Cavallo & Tomás Serebrisky & Verónica Frisancho & Jonathan Karver & Andrew Powell & Diego Margot & Ancor Suárez-Alemán & Eduardo Fernández-Arias & Matías Marzani & Solange Berstein & Marian, 2016. "Saving for Development: How Latin America and the Caribbean Can Save More and Better," IDB Publications (Books), Inter-American Development Bank, number 94597 edited by Eduardo A. Cavallo & Tomás Serebrisky, February.
    10. Robalino, David A. & Weber, Michael, 2013. "Designing and implementing unemployment benefit systems in middle and low income countries : key choices between insurance and savings accounts," Social Protection and Labor Policy and Technical Notes 90348, The World Bank.
    11. Cerutti, Paula & Fruttero, Anna & Grosh, Margaret & Kostenbaum, Silvana & Oliveri, Maria Laura & Rodriguez-Alas, Claudia & Strokova, Victoria, 2014. "Social assistance and labor market programs in Latin America : methodology and key findings from the social protection database," Social Protection and Labor Policy and Technical Notes 88769, The World Bank.
    12. Robalino, David & Margolis, David & Rother, Friederike & Newhouse, David & Lundberg, Mattias, 2013. "Youth employment : a human development agenda for the next decade," Social Protection and Labor Policy and Technical Notes 83925, The World Bank.
    13. Calabria, Alejandro A. & Cunquero, Camila, 2016. "¿Dónde estamos y hacia dónde vamos? Análisis de las fragilidades del sistema previsional argentino desde una comparación internacional. Hacia una mayor eficiencia del gasto en previsión social
      [Whe
      ," MPRA Paper 72940, University Library of Munich, Germany.
    14. Ben Braham Mehdi & Mohamed Ali Marouani, 2016. "Pension Systems Contribution Determinants: a Cross Sectional Analysis on Tunisia," Working Papers 20160004, Université Paris 1 Panthéon Sorbonne, UMR Développement et Sociétés.
    15. repec:idb:idbbks:7677 is not listed on IDEAS

    More about this item

    Keywords

    Population Policies; Insurance&Risk Mitigation; Pensions&Retirement Systems; Debt Markets; Insurance Law;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wbk:hdnspu:70926. 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: (Raiden C. Dillard). General contact details of provider: http://edirc.repec.org/data/wrldbus.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.