The 1990's represented an age of pension and labour market reforms in order to stimulate savings and market friendly policy measures. Nevertheless, the results do not seem to match their goals since economic performance was modest, and social security coverage remains limited in LACs. Conversely, institutions of countries with integrated and complex economies like the USA, Canada and Brazil reject this kind of solution as a way to organize the core services delivered by public social security institutions.
Recent studies point out that social policy based on universality and focused on tax-financed pension are essential to avoid social exclusion and poverty.Report:
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