One of the main arguments for pension system reform in Mexico was its impact on savings. Our work presents a first quantification of this impact, by estimating the contractual savings generated by this program and its relationship with voluntary savings. Our results suggest that there is no...

Teniendo en cuenta el nuevo esquema de multifondos en Colombia, perteneciente al Régimen de Ahorro Individual, se realizó un análisis mediante la aplicación de herramientas estocásticas y actuariales, con el fin de determinar el momento en el cual un agente (de acuerdo con sus...

La reforma del sistema de pensiones boliviano transformó el esquema público de reparto, en un sistema de capitalización individual, sin embargo no planteó los incentivos para generar un proceso sostenible de afiliación, lo que generó que en la actualidad únicamente 4% de los afiliados al...

El programa de Asignación Universal por Hijo en Argentina extiende a los desocupados y trabajadores informales un beneficio antes limitado a los empleados formales. Esta extensión podría modificar los incentivos laborales, estimulando una menor participación en el sector formal respecto de...

This article explores the possibility of transition from lifetime benefits to temporary payments, specifying the debate in the Spanish Social Security. The theoretical approach is presented and, according to the Continuous Sample of Working Lives, the application of actuarial equivalence and a...

Latin America and the Caribbean must respond to the challenge of climate change while making progress with other sustainable development goals. How much will it cost to meet climate change goals in this context? This work reviews the evidence on the costs of meeting the goals the goals of the...

The western pension systems and especially the Spanish one will noticeably be a®ected by an aging of the population that is currently underway. This work proposes a pension model for Spain which would mean deep structural reforms that would guarantee meeting the objectives established by a...