IDEAS home Printed from https://ideas.repec.org/p/wbk/hdnspu/70926.html
   My bibliography  Save this paper

Pension coverage in Latin America : trends and determinants

Author

Listed:
  • Rofman, Rafael
  • Oliveri, Maria Laura

Abstract

This document presents an analysis of pension coverage trends in Latin America for the past decades. Its preparation involved the collection, revision, and processing of household surveys in over 18 countries in the region, spanning a period of almost 40 years in some cases. The main goal of this document is to offer comparable data on pension coverage among the economically active population and the elderly, considering the relevance of several demographic, social, and economic variables on these coverage levels. By producing this large and comparable regional dataset, the document supports the discussion of several stylized facts on pension coverage in Latin America. The results show that coverage among active workers is low in most countries, although there has been a relative improvement since the early 1990s. The situation is still distressing among workers in the primary sector or employed by small enterprises as well as for women, primarily because of their persistent lower rates of labor market participation. In recent years coverage of some of the most vulnerable groups has increased, but it still presents very low rates. Among the elderly, regional averages have been very stable since the early 1990s, although this average hides important differences among countries.

Suggested Citation

  • Rofman, Rafael & Oliveri, Maria Laura, 2012. "Pension coverage in Latin America : trends and determinants," Social Protection Discussion Papers and Notes 70926, The World Bank.
    • Handle: RePEc:wbk:hdnspu:70926
    as

    Download full text from publisher

    File URL: http://www-wds.worldbank.org/servlet/WDSContentServer/WDSP/IB/2012/07/13/000333038_20120713021409/Rendered/PDF/709260NWP0P12600Box370060B00PUBLIC0.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Fajnzylber, Eduardo & Herrera, Germán & Rofman, Rafael, 2010. "Reforming the pension reforms: Argentina and Chile," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    2. Fabio M. Bertranou & Rafael Rofman & Carlos O. Grushka, 2003. "From reform to crisis: Argentina's pension system," International Social Security Review, John Wiley & Sons, vol. 56(2), pages 103-114, April.
    3. Fabio Bertranou & Esteban Calvo & Evelina Bertranou, 2009. "Is Latin America Retreating From Individual Retirement Accounts?," Issues in Brief ib2009-9-14, Center for Retirement Research, revised Jul 2009.
    Full references (including those not matched with items on IDEAS)

    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. Barrientos, Armando, 2011. "On the Distributional Implications of Social Protection Reforms in Latin America," WIDER Working Paper Series 069, World Institute for Development Economic Research (UNU-WIDER).
    2. Calvo, Esteban & Williamson, John B., 2006. "Old-Age Pension Reform and Modernization Pathways: Lessons for China from Latin America," MPRA Paper 4872, University Library of Munich, Germany, revised 2007.
    3. Eduardo Fajnzylber, 2012. "Implicit redistribution in the Chilean Social Insurance System," Working Papers wp_019, Adolfo Ibáñez University, School of Government.
    4. Rodrigo Ceni, 2017. "Pension schemes and labor supply in the formal and informal sector," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 6(1), pages 1-29, December.
    5. Fabio Bertranou & Esteban Calvo & Evelina Bertranou, 2009. "Is Latin America Retreating From Individual Retirement Accounts?," Issues in Brief ib2009-9-14, Center for Retirement Research, revised Jul 2009.
    6. Camila Arza, 2019. "Basic Old‐Age Protection in Latin America: Noncontributory Pensions, Coverage Expansion Strategies, and Aging Patterns across Countries," Population and Development Review, The Population Council, Inc., vol. 45(S1), pages 23-45, December.
    7. Jaros?aw Poteraj, 2011. "Pension System in Argentina," Review of Economics & Finance, Better Advances Press, Canada, vol. 1, pages 81-95, November.
    8. Richard M. Bird & Michael Smart, 2012. "Financing Social Expenditures in Developing Countries: Payroll or Value Added Taxes?," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper1206, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
    9. Armando Barrientos, 2011. "On the Distributional Implications of Social Protection Reforms in Latin America," WIDER Working Paper Series wp-2011-069, World Institute for Development Economic Research (UNU-WIDER).
    10. Michael W. Kpessa, 2011. "Provident Funds Pension Programs in English‐Speaking Sub‐Saharan Africa: A Look in the Rear Mirror and Lessons for the Future," Poverty & Public Policy, John Wiley & Sons, vol. 3(3), pages 1-25, September.
    11. Bertranou, Fabio & Calvo, Esteban & Bertranou, Evelina, 2010. "¿Está Latinoamérica alejándose de las cuentas individuales de pensiones? [Is Latin America Retreating from Individual Retirement Accounts?]," MPRA Paper 48751, University Library of Munich, Germany.
    12. Camila Arza, 2017. "The expansion of economic protection for older adults in Latin America: Key design features of non-contributory pensions," WIDER Working Paper Series 029, World Institute for Development Economic Research (UNU-WIDER).
    13. Bosch, Mariano & Guajardo, Jarret, 2012. "Labor Market Impacts of Non-Contributory Pensions: The Case of Argentina's Moratorium," IDB Publications (Working Papers) 4094, Inter-American Development Bank.
    14. Camila Arza, 2017. "The expansion of economic protection for older adults in Latin America: Key design features of non-contributory pensions," WIDER Working Paper Series wp-2017-29, World Institute for Development Economic Research (UNU-WIDER).

    More about this item

    Keywords

    Population Policies; Insurance&Risk Mitigation; Pensions&Retirement Systems; Debt Markets; Insurance Law;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    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:wbk:hdnspu:70926. 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: Aaron F Buchsbaum (email available below). General contact details of provider: https://edirc.repec.org/data/wrldbus.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.