Summary Note on Pension Reform in Brazil : Why is it Needed and What Will be its Impact?
This short note analyzes the fiscal and distributive impacts of the proposed pension reform currently under discussion in Brazil. It argues that the projected aging of Brazil`s population makes pension reform a necessity to regain the financial sus...
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| Format: | Policy Note |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/552181491971723170/Summary-note-on-pension-reform-in-Brazil-why-is-it-needed-and-what-will-be-its-impact http://hdl.handle.net/10986/26388 |
| Summary: | This short note analyzes the fiscal and
distributive impacts of the proposed pension reform
currently under discussion in Brazil. It argues that the
projected aging of Brazil`s population makes pension reform
a necessity to regain the financial sustainability of the
public pension system. Further, it analyses the
distributional impact of the proposed reform showing that
the biggest gains of the current system go to the top three
quintiles of the population. Consequently, a reform of the
pension system, by reducing the subsidies received by these
groups, aside from contributing to its future sustainability
would make the public pension system less regressive. |
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