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Public Policies and Private Saving in Mexico

Author

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  • Martin Feldstein

    (Harvard University. Cambridge, MA. USA.)

Abstract

This paper presents a variety of ideas about ways in which the government of Mexico can stimulate a higher rate of saving. These ideas are building blocks rather than an overall plan. Mexico has recently replaced its traditional pay-as-you-go social security system with a system of mandatory individual pension accounts that is likely to increase national saving and capital accumulation. The present paper focuses on other tax, regulatory and government financial policy changes that could increase the reward, the security and the liquidity of savings in ways that would raise the national saving rate. The design of the individual pension accounts (the AFORE program) is discussed in the Appendix to this paper.

Suggested Citation

  • Martin Feldstein, 1999. "Public Policies and Private Saving in Mexico," Economía Mexicana NUEVA ÉPOCA, CIDE, División de Economía, vol. 0(2), pages 231-265, July-Dece.
    • Handle: RePEc:emc:ecomex:v:8:y:1999:i:2:p:231-265
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    File URL: http://www.economiamexicana.cide.edu/num_anteriores/VIII-2/02_MARTIN_FELDSTEIN_231-265.pdf
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    Cited by:

    1. Kildegaard, Arne, 2001. "Fiscal reform, bank solvency, and the law of unintended consequences: a CGE analysis of Mexico," The North American Journal of Economics and Finance, Elsevier, vol. 12(1), pages 55-77, March.
    2. Robertson, Raymond & Dutkowsky, Donald H., 2002. "Labor adjustment costs in a destination country: the case of Mexico," Journal of Development Economics, Elsevier, vol. 67(1), pages 29-54, February.

    More about this item

    JEL classification:

    • H2 - Public Economics - - Taxation, Subsidies, and Revenue
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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