Social Security Issues in Developing Countries: The Latin American Experience
59 Pages Posted: 15 Feb 2006
Date Written: February 22, 1988
Abstract
The paper surveys the major economic, financial, and administrative issues that confront social security systems in Latin America. The larger systems have contributed substantially to public sector financial disequilibria. Expenditures of the younger systems with more limited coverage could increase dramatically as the pension plan matures, life expectancy increases, and coverage is broadened, but the narrow revenue base will force a tradeoff between broader coverage and the generosity of benefits. Most plans are pay-as-you-go, and the case for full or partial funding is not found to be compelling. The inflationary environment can have a substantial effect on the financial balance, even under full indexation.
JEL Classification: 0473, 1216, 3221
Suggested Citation: Suggested Citation
Do you have a job opening that you would like to promote on SSRN?
Recommended Papers
-
Macroeconomic Effects of Projected Population Aging in Industrial Countries
By Paul R. Masson and Ralph W. Tryon
-
Aging, Savings, and Pensions in the Group of Seven Countries: 1980-2025
By Peter Heller
-
The Impact of Demographic Change on Social Security Financing
By William Halter and Richard Hemming