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Participation in the Peruvian reformed pension system

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  • Li, Carmen A
  • Olivera, Javier

Abstract

One of the important aspects in the design of social protection is coverage. In Peru, as in most Latin American countries, social security participation is compulsory only for workers in the formal sector. There is a large sector of the population for which participation is voluntary. This paper investigates the determinants of enrolment to the pension system in Peru. In particular, we found that a selected group of people i.e. married males with at least secondary education, high income and with other family members already participating in the pension system, have a higher likelihood of participation. Moreover, the results also suggest that family based safety nets have a negative effect on the probability of pension participation.

Suggested Citation

  • Li, Carmen A & Olivera, Javier, 2005. "Participation in the Peruvian reformed pension system," Economics Discussion Papers 3618, University of Essex, Department of Economics.
    • Handle: RePEc:esx:essedp:3618
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    1. Bucheli, Marisa & Forteza, Alvaro & Rossi, Ianina, 2008. "Work history and the access to contributory pensions in Uruguay : some facts and policy options," Social Protection Discussion Papers and Notes 90345, The World Bank.
    2. Chen, Xi & Hu, Lipeng & Sindelar, Jody L., 2020. "Leaving money on the table? Suboptimal enrollment in the new social pension program in China," The Journal of the Economics of Ageing, Elsevier, vol. 15(C).
    3. Carmen Li & Javier Olivera, 2009. "Cobertura y afiliación al sistema privado de pensiones del Perú," Capítulos de Libros PUCP / Chapters of PUCP books, in: Efraín Gonzales de Olarte & Javier M. Iguiñiz Echeverría (ed.), Desarrollo económico y bienestar. Homenaje a Máximo Vega-Centeno, edition 1, chapter 8, pages 221-239, Fondo Editorial - Pontificia Universidad Católica del Perú.
    4. Marisa Bucheli & Alvaro Forteza & Ianina Rossi, 2007. "Work history and the access to contributory pensions. The case of Uruguay," Documentos de Trabajo (working papers) 1607, Department of Economics - dECON.

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