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Recent History, Perspectives and Challenges to Pension Policy: The Brazilian Case

In: Reforming Pensions in Developing and Transition Countries

Author

Listed:
  • Marcelo Abi-Ramia Caetano

Abstract

Brazil has put in place a number of social insurance reforms since the country’s hyperinflation came to an end in the mid-1990s. Two main objectives were pursued in these reforms: equality, specifically through the harmonization of pension rules for private sector workers and public servants (the latter group had more beneficial rules than the former); and alleviating the actuarial and fiscal imbalances of the Brazilian pension system as a whole, since its huge annual cost of over 11 per cent of gross domestic product (GDP) imposed a heavy fiscal burden on a relatively young country whose demographic dependency ratio was (and is) only 10 per cent.1

Suggested Citation

  • Marcelo Abi-Ramia Caetano, 2014. "Recent History, Perspectives and Challenges to Pension Policy: The Brazilian Case," Social Policy in a Development Context, in: Katja Hujo (ed.), Reforming Pensions in Developing and Transition Countries, chapter 5, pages 127-157, Palgrave Macmillan.
    • Handle: RePEc:pal:sopchp:978-1-137-39611-2_5
    DOI: 10.1057/9781137396112_5
    as

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