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The performance of social security contributory and tax‐financed pensions in Central America, and the effects of the global crisis

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  • Carmelo Mesa‐Lago

Abstract

Over the last 30 years, Latin America has pioneered structural pension reforms. This article focuses on a representative regional sample of seven Central American countries with diverse levels of development (Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama) studying contributory and tax‐financed pensions as well as recent pension reforms. It comparatively assesses system performance regarding five social security principles: unity; universal coverage; adequacy of benefits; equal treatment, solidarity and gender equality; and financial sustainability. It also evaluates the impact of the world crisis on these pension systems, highlighting the differences between public and private pensions, and extracts lessons and suggests policies for the future.

Suggested Citation

  • Carmelo Mesa‐Lago, 2012. "The performance of social security contributory and tax‐financed pensions in Central America, and the effects of the global crisis," International Social Security Review, John Wiley & Sons, vol. 65(1), pages 1-27, January.
    • Handle: RePEc:wly:intssr:v:65:y:2012:i:1:p:1-27
    DOI: 10.1111/j.1468-246X.2011.01417.x
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    Cited by:

    1. Christina Behrendt & John Woodall, 2015. "Pensions and other social security income transfers," Chapters, in: Janine Berg (ed.), Labour Markets, Institutions and Inequality, chapter 9, pages 242-262, Edward Elgar Publishing.

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