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Pensiones Ley 97 del IMSS. México
[Pensions Law 97 of the IMSS. Mexico]

Author

Listed:
  • Villalobos Lopez, Jose Antonio

Abstract

In 1973, the income of working workers financed the pensions of retired workers, over the years the ratio of assets and pensioners changed, financing a smaller portion of Mexico's total pensions. In 1973 the relationship of active right holders for each pensioner was 14 to 1, while that relationship in 2019 is 5 to 1. The Retirement Savings System (SAR) had weights of 3.8 trillion pesos through 2019, which account for 16.1% of national GDP. Compared to eight Latin American countries in individual capitalization per capita funds for 2017, Chile accumulates more than $18,000 for each worker, Uruguay follows with just over $11,000 per quote, and Mexico has only $3,000 for each insured. With the December 2020 reforms, this situation is expected to improve.

Suggested Citation

  • Villalobos Lopez, Jose Antonio, 2021. "Pensiones Ley 97 del IMSS. México [Pensions Law 97 of the IMSS. Mexico]," MPRA Paper 106403, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:106403
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    File URL: https://mpra.ub.uni-muenchen.de/106403/1/MPRA_paper_106403.pdf
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    References listed on IDEAS

    as
    1. Villalobos, Jose Antonio, 2020. "Economía pública municipal [Municipal public economy]," MPRA Paper 102130, University Library of Munich, Germany.
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    More about this item

    Keywords

    Law 97 IMSS; Individual Capitalization; Pensions; IMSS Pensions; LSS 1997;
    All these keywords.

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions

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