Transitional fiscal costs and demographic factors in shifting from unfunded to funded pensions in Latin America
Includes bibliography
Guardado en:
| Autores principales: | , |
|---|---|
| Otros Autores: | |
| Formato: | Texto |
| Lenguaje: | English |
| Publicado: |
ECLAC
2014
|
| Materias: | |
| Acceso en línea: | http://hdl.handle.net/11362/5295 |
| Etiquetas: |
Agregar Etiqueta
Sin Etiquetas, Sea el primero en etiquetar este registro!
|
| id |
oai-11362-5295 |
|---|---|
| record_format |
dspace |
| spelling |
oai-11362-52952020-09-28T15:41:27Z Transitional fiscal costs and demographic factors in shifting from unfunded to funded pensions in Latin America Bravo, Jorge Horacio Uthoff, Andras NU. CEPAL. CELADE NU. CEPAL. Unidad de Financiamiento ADMINISTRACION FISCAL ASPECTOS DEMOGRAFICOS JUBILACION PLANES DE JUBILACION ECONOMIA DEL BIENESTAR PENSION SCHEMES POPULATION ASPECTS RETIREMENT TAX ADMINISTRATION WELFARE ECONOMICS Includes bibliography Abstract After the 1981 Chilean pension system reform, which shifted from a government run pay-as-you-go system to a private, fully funded one, many countries in Latin America have implemented or are considering reforms with an important funded component. We develop a simple model to assess the magnitude of the implicit government debt that needs to be made explicit by this policy, as well as the transitional fiscal costs that such a reform implies. We show that the liabilities and the associated fiscal costs are affected by the population age structure, old-age mortality, labour-market and pension system variables. By use of data from Latin American countries, we find that in several countries, especially those with more aged populations and high coverage systems, the pension debt is very high, and that a switch from unfunded to fully funded systems implies substantial fiscal costs, that may even turn out to be economically and politically unviable in some cases. The effect of some partial funding options are discussed in selected national contexts. 2014-01-02T15:44:23Z 2014-01-02T15:44:23Z 1999-10 Texto Documento Completo 9211212448 http://hdl.handle.net/11362/5295 LC/L.1264-P en Serie Financiamiento del Desarrollo 88 application/pdf AMERICA LATINA LATIN AMERICA ECLAC |
| institution |
Cepal |
| collection |
Cepal |
| language |
English |
| topic |
ADMINISTRACION FISCAL ASPECTOS DEMOGRAFICOS JUBILACION PLANES DE JUBILACION ECONOMIA DEL BIENESTAR PENSION SCHEMES POPULATION ASPECTS RETIREMENT TAX ADMINISTRATION WELFARE ECONOMICS |
| spellingShingle |
ADMINISTRACION FISCAL ASPECTOS DEMOGRAFICOS JUBILACION PLANES DE JUBILACION ECONOMIA DEL BIENESTAR PENSION SCHEMES POPULATION ASPECTS RETIREMENT TAX ADMINISTRATION WELFARE ECONOMICS Bravo, Jorge Horacio Uthoff, Andras Transitional fiscal costs and demographic factors in shifting from unfunded to funded pensions in Latin America |
| description |
Includes bibliography |
| author2 |
NU. CEPAL. CELADE |
| author_facet |
NU. CEPAL. CELADE Bravo, Jorge Horacio Uthoff, Andras |
| format |
Texto |
| author |
Bravo, Jorge Horacio Uthoff, Andras |
| author_sort |
Bravo, Jorge Horacio |
| title |
Transitional fiscal costs and demographic factors in shifting from unfunded to funded pensions in Latin America |
| title_short |
Transitional fiscal costs and demographic factors in shifting from unfunded to funded pensions in Latin America |
| title_full |
Transitional fiscal costs and demographic factors in shifting from unfunded to funded pensions in Latin America |
| title_fullStr |
Transitional fiscal costs and demographic factors in shifting from unfunded to funded pensions in Latin America |
| title_full_unstemmed |
Transitional fiscal costs and demographic factors in shifting from unfunded to funded pensions in Latin America |
| title_sort |
transitional fiscal costs and demographic factors in shifting from unfunded to funded pensions in latin america |
| publisher |
ECLAC |
| publishDate |
2014 |
| url |
http://hdl.handle.net/11362/5295 |
| work_keys_str_mv |
AT bravojorgehoracio transitionalfiscalcostsanddemographicfactorsinshiftingfromunfundedtofundedpensionsinlatinamerica AT uthoffandras transitionalfiscalcostsanddemographicfactorsinshiftingfromunfundedtofundedpensionsinlatinamerica |
| _version_ |
1718434733552041984 |