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Social Security Reforms in Colombia: Striking Demographic and Fiscal Balances

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Author Info
Sergio Clavijo
Abstract

This paper analyzes the economic rationale for adopting parametric pension reforms and reforms broadening the coverage of public health care in Colombia during 1993-2008. Parametric pension reforms have focused on increasing the retirement age and moderating replacement rates. The health system reforms aimed at reaching universal coverage by 2012, while providing a more homogenous level of services. Our results indicate that the Net Present Value of the debt of the social security system in Colombia is roughly 160 percent of GDP for pensions and about 97 percent of GDP for the health system.

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Paper provided by International Monetary Fund in its series IMF Working Papers with number 09/58.

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Length: 31 pages
Date of creation: 19 Mar 2009
Date of revision:
Handle: RePEc:imf:imfwpa:09/58

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Related research
Keywords: Social security ; Colombia ; Fiscal reforms ; Labor market policy ; Pensions ; Health care ; Government expenditures ; Social safety nets ;

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This paper has been announced in the following NEP Reports: References listed on IDEAS
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  1. Alain Jousten, 2007. "Public Pension Reform: A Primer," IMF Working Papers 07/28, International Monetary Fund. [Downloadable!]
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This page was last updated on 2009-10-21.

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