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The reform of the pension system of the Mexican Social Security Institute (IMSS) in 1997, limited the growing fiscal cost of the previous pay-as-you-go scheme. Sixteen years on from its creation, the Retirement Savings System (SAR) has had favourable macroeconomic effects for Mexico, as it has...
Persistent link: https://www.econbiz.de/10010897066
Matching defined contribution schemes are gaining popularity in both rich and poor countries as a promising means to reduce gaps in the participation in formal pension systems.
Persistent link: https://www.econbiz.de/10010784857
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We analyze the potential costs of longevity risk and highlight the importance of updated mortality tables
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!iscal sustainability, with projections to 2050. The results show that while the reforms of both the public and private … pension systems have been key to providing !iscal sustainability and have strengthened retirement savings for groups with …
Persistent link: https://www.econbiz.de/10009002132
future challenges. Spain seems a particularly interesting case in Europe to illustrate our proposals, since the social …, but, at the same time, most projections foresee for Spain one of the highest increases in public expenditure among EU …
Persistent link: https://www.econbiz.de/10008515150
-called sustainability factor) so as to have in place a mechanism that can be used to modulate the rhythm and scope of the reform if the …
Persistent link: https://www.econbiz.de/10010897068
Los bajos niveles de cotizacion a los sistemas de pensiones en America Latina son un enorme obstaculo que limita la puesta en practica de un sistema de seguridad social generalizado. Las tasas de cotizacion medidas como el indice de cotizantes respecto a la poblacion activa total se mantiene en...
Persistent link: https://www.econbiz.de/10010897054
the old age stage could undermine economic and social sustainability of the Chinese society. In this sense, the main …
Persistent link: https://www.econbiz.de/10010897064
Las cotizaciones compartidas en sistemas de aportaciones definidas van ganando popularidad tanto en paises ricos como pobres como un mecanismo prometedor para reducir las carencias de participacion en los sistemas formales de pensiones. Las cotizaciones compartidas por los empleadores, por el...
Persistent link: https://www.econbiz.de/10010784832