Pensions at a Glance : Latin America and the Caribbean

The biggest pension policy challenge faced by most countries in Latin America and the Caribbean (LAC) today is low coverage of formal pension systems, both in terms of the proportion of workers participating in pension schemes and the proportion of the elderly receiving some kind of pension incom...

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Main Authors: OECD, Inter-American Development Bank, World Bank Group
Format: Publications & Research
Language:en_US
Published: Paris: OECD Publishing 2015
Subjects:
Online Access:http://hdl.handle.net/10986/21426
id okr-10986-21426
recordtype oai_dc
spelling okr-10986-214262021-04-23T14:04:02Z Pensions at a Glance : Latin America and the Caribbean OECD Inter-American Development Bank World Bank Group Elderly Economic well-being Demographics Retirement income Pension wealth The biggest pension policy challenge faced by most countries in Latin America and the Caribbean (LAC) today is low coverage of formal pension systems, both in terms of the proportion of workers participating in pension schemes and the proportion of the elderly receiving some kind of pension income. Efforts to close the coverage gap, for example, through non-contributory pensions, are therefore at the heart of the pension policy debate in the region. However, these policies might pose significant fiscal challenges in the next decades as the population ages. Chapter 2 presents three main indicators describing the demographic conditions relevant for pension policy, namely fertility rates, life expectancy and old-age support ratios. This is followed by a systematic comparison, in Chapter 3, of system designs across countries using the standard OECD Pensions at a Glance typology and presenting several key indicators of adequacy, including gender-specific gross and net replacement rates and pension wealth at different income levels. Finally, Chapter 4 provides the profiles of each pension system in Latin America and the Caribbean in terms of their architecture, rules and parameters. 2015-02-11T17:30:33Z 2015-02-11T17:30:33Z 2014-12-08 978-92-64-22054-6 http://hdl.handle.net/10986/21426 en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ Paris: OECD Publishing Publications & Research Publications & Research :: Publication Latin America & Caribbean Caribbean Latin America
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language en_US
topic Elderly
Economic well-being
Demographics
Retirement income
Pension wealth
spellingShingle Elderly
Economic well-being
Demographics
Retirement income
Pension wealth
OECD
Inter-American Development Bank
World Bank Group
Pensions at a Glance : Latin America and the Caribbean
geographic_facet Latin America & Caribbean
Caribbean
Latin America
description The biggest pension policy challenge faced by most countries in Latin America and the Caribbean (LAC) today is low coverage of formal pension systems, both in terms of the proportion of workers participating in pension schemes and the proportion of the elderly receiving some kind of pension income. Efforts to close the coverage gap, for example, through non-contributory pensions, are therefore at the heart of the pension policy debate in the region. However, these policies might pose significant fiscal challenges in the next decades as the population ages. Chapter 2 presents three main indicators describing the demographic conditions relevant for pension policy, namely fertility rates, life expectancy and old-age support ratios. This is followed by a systematic comparison, in Chapter 3, of system designs across countries using the standard OECD Pensions at a Glance typology and presenting several key indicators of adequacy, including gender-specific gross and net replacement rates and pension wealth at different income levels. Finally, Chapter 4 provides the profiles of each pension system in Latin America and the Caribbean in terms of their architecture, rules and parameters.
format Publications & Research
author OECD
Inter-American Development Bank
World Bank Group
author_facet OECD
Inter-American Development Bank
World Bank Group
author_sort OECD
title Pensions at a Glance : Latin America and the Caribbean
title_short Pensions at a Glance : Latin America and the Caribbean
title_full Pensions at a Glance : Latin America and the Caribbean
title_fullStr Pensions at a Glance : Latin America and the Caribbean
title_full_unstemmed Pensions at a Glance : Latin America and the Caribbean
title_sort pensions at a glance : latin america and the caribbean
publisher Paris: OECD Publishing
publishDate 2015
url http://hdl.handle.net/10986/21426
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