Beyond Contributory Pensions : Fourteen Experiences with Coverage Expansion in Latin America
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 201...
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Washington, DC: World Bank
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2014/11/20459032/beyond-contributory-pensions-fourteen-experiences-coverage-expansion-latin-america http://hdl.handle.net/10986/20602 |
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okr-10986-206022021-04-23T14:03:59Z Beyond Contributory Pensions : Fourteen Experiences with Coverage Expansion in Latin America Rofman, Rafael Apella, Ignacio Vezza, Evelyn Rofman, Rafael Apella, Ignacio Vezza, Evelyn aging population elderly noncontributory scheme pension and social services welfare 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. This report 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. This report represents a significant addition to the literature on income protection for the elderly. 2014-12-02T22:59:33Z 2014-12-02T22:59:33Z 2015 http://documents.worldbank.org/curated/en/2014/11/20459032/beyond-contributory-pensions-fourteen-experiences-coverage-expansion-latin-america 978-1-4648-0390-1 http://hdl.handle.net/10986/20602 English en_US Directions in Development--Human Development; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC: World Bank Publications & Research :: Publication Latin America & Caribbean Latin America |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
aging population elderly noncontributory scheme pension and social services welfare |
| spellingShingle |
aging population elderly noncontributory scheme pension and social services welfare Rofman, Rafael Apella, Ignacio Vezza, Evelyn Beyond Contributory Pensions : Fourteen Experiences with Coverage Expansion in Latin America |
| geographic_facet |
Latin America & Caribbean Latin America |
| relation |
Directions in Development--Human Development; |
| description |
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. This report 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. This
report represents a significant addition to the literature
on income protection for the elderly. |
| author2 |
Rofman, Rafael |
| author_facet |
Rofman, Rafael Rofman, Rafael Apella, Ignacio Vezza, Evelyn |
| format |
Publications & Research :: Publication |
| author |
Rofman, Rafael Apella, Ignacio Vezza, Evelyn |
| author_sort |
Rofman, Rafael |
| title |
Beyond Contributory Pensions : Fourteen Experiences with Coverage Expansion in Latin America |
| title_short |
Beyond Contributory Pensions : Fourteen Experiences with Coverage Expansion in Latin America |
| title_full |
Beyond Contributory Pensions : Fourteen Experiences with Coverage Expansion in Latin America |
| title_fullStr |
Beyond Contributory Pensions : Fourteen Experiences with Coverage Expansion in Latin America |
| title_full_unstemmed |
Beyond Contributory Pensions : Fourteen Experiences with Coverage Expansion in Latin America |
| title_sort |
beyond contributory pensions : fourteen experiences with coverage expansion in latin america |
| publisher |
Washington, DC: World Bank |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2014/11/20459032/beyond-contributory-pensions-fourteen-experiences-coverage-expansion-latin-america http://hdl.handle.net/10986/20602 |
| _version_ |
1764446641456152576 |