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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Main Author: World Bank
Format: Policy Note
Language:English
en_US
Published: World Bank, Washington, DC 2017
Subjects:
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
id okr-10986-26388
recordtype oai_dc
spelling okr-10986-263882021-05-25T10:54:35Z Summary Note on Pension Reform in Brazil : Why is it Needed and What Will be its Impact? World Bank PENSION REFORM DISTRIBUTION PUBLIC PENSION DEMOGRAPHICS 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. 2017-04-18T19:03:49Z 2017-04-18T19:03:49Z 2017-04-11 Policy Note 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 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Policy Notes Economic & Sector Work Latin America & Caribbean Brazil
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 PENSION REFORM
DISTRIBUTION
PUBLIC PENSION
DEMOGRAPHICS
spellingShingle PENSION REFORM
DISTRIBUTION
PUBLIC PENSION
DEMOGRAPHICS
World Bank
Summary Note on Pension Reform in Brazil : Why is it Needed and What Will be its Impact?
geographic_facet Latin America & Caribbean
Brazil
description 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.
format Policy Note
author World Bank
author_facet World Bank
author_sort World Bank
title Summary Note on Pension Reform in Brazil : Why is it Needed and What Will be its Impact?
title_short Summary Note on Pension Reform in Brazil : Why is it Needed and What Will be its Impact?
title_full Summary Note on Pension Reform in Brazil : Why is it Needed and What Will be its Impact?
title_fullStr Summary Note on Pension Reform in Brazil : Why is it Needed and What Will be its Impact?
title_full_unstemmed Summary Note on Pension Reform in Brazil : Why is it Needed and What Will be its Impact?
title_sort summary note on pension reform in brazil : why is it needed and what will be its impact?
publisher World Bank, Washington, DC
publishDate 2017
url 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
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