This study analyzed the retirement behavior of Mexicans with migration spells to the United States that returned to Mexico and non-migrants. The analysis is based on rich panel data from the Mexican Health and Aging Study (MHAS). Approximately 9 percent of MHAS respondents age 50 and older...

Previous empirical literature has found a sharp decline in consumption during the first years of retirement implying that individuals do not save enough for their retirement. This phenomenon has been called the retirement consumption puzzle. In contrast to some of the previous studies, the...

Many countries are including personal retirement accounts (PRAs) as part of their social security systems. PRA systems boost private savings at the macro level by converting a government financial liability into private wealth. At the micro level, however, crowing-out effects on household...

Este estudio compara las diferencias de cobertura en los sistemas de pensiones de capitalizacion individual en tres pa’ses de Latinoamerica. En Chile, Colombia y Mexico, aun cuando cada uno de ellos tiene sistema de pensiones de contribuciones definidas, hay diferencias significativas en el...