Name: Beyond Contributory Pensions: Fourteen Experiences with Coverage Expansion in Latin America
Brand: Atlantic Books
SKU: 9781464803901
Price: 4475.0 INR
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Beyond Contributory Pensions: Fourteen Experiences with Coverage Expansion in Latin America

by Rafael Rofman , Ignacio Apella , Evelyn Vezza

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ISBN13: 9781464803901
Binding: Paperback
Subject: N/A
Publisher: World Bank Publications
Publisher Imprint: World Bank Publications
Publication Date: December 3, 2014
Pages: 448
Original Price: USD 44.95
Language: English
Edition: N/A
Item Weight: 776 grams
BISAC Subject(s): Personal Finance / Retirement Planning

About The Book

Latin America's population is aging, and many among the growing elderly population are not protected by traditional pension schemes. In response, policy makers have been reevaluating their income protection systems so that between 2000 and 2013, the majority of Latin American countries reformed their social pension schemes to provide near-universal coverage for the elderly. Before this unprecedented wave of reform, most income protection in Latin America was provided through contributory pensions available only to formal sector workers. Considering that informal and unpaid employment characterize labor force participation throughout the region, many elderly were left vulnerable to poverty. The new noncontributory pension programs have alleviated this risk. But countries are still evaluating how to best balance the need for inclusivity with the need for fiscal sustainability. 'Beyond Contributory Pensions: Fourteen Experiences with Coverage Expansion in Latin America' examines recent reforms in Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Mexico, Panama, Paraguay, Peru, Trinidad and Tobago, and Uruguay. All countries share the goal of comprehensive pension coverage, but each has unique political environments, social conditions, and economic capacities. Design and implementation of coverage expansion, consequently, has diverged. Comparing results across the region reveals which policies have yielded the most equitable and sustainable outcomes. Each chapter includes a comprehensive analysis of a country's reform experience: a description of significant political and economic developments, the challenges of implementing income protection policies, and prospects for the reforms' durability over time. 'Beyond Contributory Pensions' represents a significant addition to the literature on income protection for the elderly.

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