This paper compares the differences of individual coverage in the fully-funded social security systems of three Latin American countries. Chile, Columbia, and Mexico each have defined contributions social security systems, yet there are significant differences in system design and incentive that...

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, crowding-out effects on household...

El envejecimiento es un fenómeno mundial con implicaciones en diversos rubros y del cual México no está exento. Este estudio analiza la sostenibilidad financiera del programa federal de pensión no contributiva de atención a adultos mayores en México. La expansión del programa -- con la...

La situación de los jóvenes que no estudian ni trabajan (ninis) se ha vuelto notable en los últimos años debido a los posibles riesgos que enfrenta esta población. Este estudio analiza su composición, dinámica social, estado de pobreza, así como sus características individuales y...

In 1997, Mexico transformed its pay-as-you-go social-security system to a fully funded system with personal retirement accounts, including management fees. This paper examines changes in retirement wealth resulting from this new system. It found management fees drained a significant proportion...

For decades scholars have attempted to understand the effects of immigration on the U.S. Social Security system. To date, this research has been primarily limited to migrants in the U.S. and does not consider those who return to their countries of origin. Immigrants often pay OASDI taxes using...