IDEAS home Printed from https://ideas.repec.org/p/col/000439/016253.html
   My bibliography  Save this paper

Elementos para una propuesta de reforma del sistema de protección económica para la vejez en Colombia

Author

Listed:
  • Leonardo Villar
  • David Forrero

Abstract

Para estimular el debate de ideas en la contienda presidencial de 2018, Fedesarrollo lideró la elaboración de varios documentos con propuestas de política pública en áreas críticas para el desarrollo económico y social del país. El documento de Villar y Forero presenta una propuesta integral de reforma del sistema de protección económica de la vejez en Colombia, encaminada a corregir sus graves deficiencias y enormes costos fiscales. Los autores proponen un régimen pensional de pilares complementarios. El pilar público administrado por Colpensiones captaría cotizaciones de todos los trabajadores por lo correspondiente a un salario mínimo. Garantizaría además que todos los que cumplan condiciones de pensión obtengan al menos un salario mínimo, lo cual requiere de subsidios estatales, tal como sucede en la actualidad. Para evitar el otorgamiento de subsidios a pensionados de altos ingresos, la propuesta plantea un esquema que reduce gradualmente el subsidio otorgado por Colpensiones a medida que aumenta el ahorro del afiliado en el pilar privado, de capitalización individual. Este segundo pilar recibiría las contribuciones en exceso de un salario mínimo para ahorrarlas en su cuenta individual y complementaría la pensión básica del pilar público con beneficios proporcionales a su ahorro. El diseno propuesto focaliza los subsidios en la población de menores ingresos y reduce los costos fiscales del sistema. En lo que se refiere a las personas que no alcanzan a cumplir las condiciones para obtener una pensión, los autores proponen ajustar el sistema no contributivo de apoyo económico a la vejez, a través de una expansión sustancial del alcance y los beneficios del programa Colombia Mayor. Presentan además propuestas audaces para fortalecer el esquema de beneficios económicos periódicos (BEPS) y potenciarlo como mecanismo integrador del sistema pensional contributivo con los sistemas de apoyo económico para la vejez de los trabajadores informales.

Suggested Citation

  • Leonardo Villar & David Forrero, 2018. "Elementos para una propuesta de reforma del sistema de protección económica para la vejez en Colombia," Cuadernos de Fedesarrollo 16253, Fedesarrollo.
    • Handle: RePEc:col:000439:016253
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/11445/3554
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Peter Diamond & Nicholas Barr, 2006. "(UBS Pensions Series 041) The Economics of Pensions," FMG Discussion Papers dp563, Financial Markets Group.
    2. Annamaria Lusardi & Olivia S. Mitchell, 2014. "The Economic Importance of Financial Literacy: Theory and Evidence," Journal of Economic Literature, American Economic Association, vol. 52(1), pages 5-44, March.
    3. Nicholas Barr & Peter Diamond, 2006. "The Economics of Pensions," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 22(1), pages 15-39, Spring.
    4. Jonathan Gruber & David A. Wise, 2004. "Social Security Programs and Retirement around the World: Micro-Estimation," NBER Books, National Bureau of Economic Research, Inc, number grub04-1.
    5. Jere R. Behrman & Olivia S. Mitchell & Cindy K. Soo & David Bravo, 2012. "How Financial Literacy Affects Household Wealth Accumulation," American Economic Review, American Economic Association, vol. 102(3), pages 300-304, May.
    6. Raj Chetty & John N. Friedman & Søren Leth-Petersen & Torben Heien Nielsen & Tore Olsen, 2014. "Active vs. Passive Decisions and Crowd-Out in Retirement Savings Accounts: Evidence from Denmark," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 129(3), pages 1141-1219.
    7. Jonathan Gruber & Kevin Milligan & David A. Wise, 2010. "Introduction and Summary," NBER Chapters, in: Social Security Programs and Retirement around the World: The Relationship to Youth Employment, pages 1-45, National Bureau of Economic Research, Inc.
    8. Oscar Becerra, 2017. "Pension Incentives and Formal-Sector Labor Supply: Evidence from Colombia," Documentos CEDE 15375, Universidad de los Andes, Facultad de Economía, CEDE.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Martha López & Eduardo Sarmiento G., 2019. "El Sistema Pensional en Colombia," Borradores de Economia 1078, Banco de la Republica de Colombia.
    2. Martha López & Eduardo Sarmiento Gómez, 2024. "Consideraciones sobre la propuesta de reducción en las semanas de cotización para pensionarse en Colombia: qué dicen 12 millones de datos," Borradores de Economia 1268, Banco de la Republica de Colombia.
    3. Luis Fernando Mejía & David Forero, 2022. "¿Qué hacer en protección económica para la vejez?," Libros Fedesarrollo 20233, Fedesarrollo.
    4. Jairo Núnez Méndez & María del Pilar Ruiz & Carlos Castañeda & Olga Téllez, 2018. "Análisis cualitativo sobre el acceso y uso de BEPS," Coyuntura Económica, Fedesarrollo, vol. 48(1-2), pages 207-258, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Elisabeth Beckmann & Sarah Reiter, 2020. "How financially literate is CESEE? Insights from the OeNB Euro Survey," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue Q3/20, pages 36-59.
    2. Carlos Santiago Guzmán Gutiérrez, 2019. "Sistema Pensional Colombiano: implicaciones de la educación financiera sobre las decisiones de traslado de los individuos," Documentos CEDE 17677, Universidad de los Andes, Facultad de Economía, CEDE.
    3. Andersen, Torben M. & Bhattacharya, Joydeep & Gestsson, Marias H., 2021. "Pareto-improving transition to fully funded pensions under myopia," Journal of Demographic Economics, Cambridge University Press, vol. 87(2), pages 169-212, June.
    4. Francisco Gomes & Michael Haliassos & Tarun Ramadorai, 2021. "Household Finance," Journal of Economic Literature, American Economic Association, vol. 59(3), pages 919-1000, September.
    5. Brown, Alessio J.G. & Fraikin, Anne-Lore, 2022. "The old-age pension household replacement rate in Belgium," The Journal of the Economics of Ageing, Elsevier, vol. 23(C).
    6. Koomen, Miriam & Wicht, Laurence, 2022. "Pension systems and the current account: An empirical exploration," Journal of International Money and Finance, Elsevier, vol. 120(C).
    7. Andersen, Torben M & Bhattacharya, Joydeep & Grodecka-Messi, Anna & Mann, Katja, 2022. "Pension reform and wealth inequality: evidence from Denmark," CEPR Discussion Papers 17078, C.E.P.R. Discussion Papers.
    8. Cookson, J. Anthony, 2018. "When saving is gambling," Journal of Financial Economics, Elsevier, vol. 129(1), pages 24-45.
    9. Heijdra, Ben J. & Romp, Ward E., 2009. "Retirement, pensions, and ageing," Journal of Public Economics, Elsevier, vol. 93(3-4), pages 586-604, April.
    10. Margaret Miller & Julia Reichelstein & Christian Salas & Bilal Zia, 2015. "Can You Help Someone Become Financially Capable? A Meta-Analysis of the Literature," The World Bank Research Observer, World Bank, vol. 30(2), pages 220-246.
    11. Mitchell, O.S. & Piggott, J., 2016. "Workplace-Linked Pensions for an Aging Demographic," Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 865-904, Elsevier.
    12. van Dalen, Hendrik Peter & Henkens, Kene, 2018. "Do people really want freedom of choice? : Assessing preferences of pension holders," Other publications TiSEM 448e8a93-9ded-401f-9da0-7, Tilburg University, School of Economics and Management.
    13. Thomas A. Hanson, 2022. "Family Communication, Privacy Orientation, & Financial Literacy: A Survey of U.S. College Students," JRFM, MDPI, vol. 15(11), pages 1-13, November.
    14. Julian Diaz Saavedra, 2013. "Age-dependent Taxation, Retirement Behavior, and Work Hours Over the Life Cycle," ThE Papers 13/09, Department of Economic Theory and Economic History of the University of Granada..
    15. van Dalen, H.P. & Henkens, K. & Koedijk, C.G. & Slager, A.M.H., 2010. "Decision Making in the Pension Fund Board Room : An Experiment with Dutch Pension Fund Trustees," Other publications TiSEM 97ae7b96-2f6d-4cec-966f-9, Tilburg University, School of Economics and Management.
    16. Mauro Visaggio, 2019. "Extending the retirement age for preserving the costitutive pension system mission," Public Finance Research Papers 40, Istituto di Economia e Finanza, DSGE, Sapienza University of Rome.
    17. Rob Euwals & Daniel Vuuren & Ronald Wolthoff, 2010. "Early Retirement Behaviour in the Netherlands: Evidence From a Policy Reform," De Economist, Springer, vol. 158(3), pages 209-236, September.
    18. Gustavo Ferro, 2021. "¿Qué aprendimos de las reformas previsionales argentinas de 1994 y de 2008?," CEMA Working Papers: Serie Documentos de Trabajo. 810, Universidad del CEMA.
    19. Claus Thustrup Kreiner & Søren Leth-Petersen & Louise Charlotte Willerslev-Olsen, 2020. "Financial Trouble Across Generations: Evidence from the Universe of Personal Loans in Denmark," The Economic Journal, Royal Economic Society, vol. 130(625), pages 233-262.
    20. Arthur Van Soest & Hana Vonkova, 2014. "How Sensitive Are Retirement Decisions To Financial Incentives? A Stated Preference Analysis," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 29(2), pages 246-264, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:col:000439:016253. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Patricia Monroy (email available below). General contact details of provider: https://edirc.repec.org/data/fedesco.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.