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Socially inclusive and financially sustainable pension reforms

Pension re-reforms in the Americas hemisphere: A preliminary comparative perspective

An increasing number of workers do not have regular jobs and cannot contribute to social security on a regular basis. In Latin American countries (LAC) the precariousness of occupation, a traditional problem, was combined after the 1980's with unprecedented levels of unemployment. Alternatively, in countries with higher GDP per capita like Canada, and especially the USA, rising unemployment was not a problem until 2008, but precariousness seems to represent, more and more, a challenge.

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:

2-Matiajscic.pdf 232,83 kB

Autor: Milko Matijascic
IVSS, 2010
Themen: Demografischer Wandel, Finanzierung
Tagungen: Regional Social Security Forum for the Americas
Regionen: Amerika
Sprache: Englisch, Spanisch

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