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Conditioning public pensions on health: effects on capital accumulation and welfare
This paper develops an overlapping generations model that links a public health system to a pay-as-you-go (PAYG) pension system. It relies on two assumptions. First, the health system directly finances curative health spending on the elderly. Second, public pensions partially depend on health status by introducing a component indexed to society's average level of old-age disability. Reducing the... |
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| https://hal.science/hal-04612468 | ||||
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El sistema de pensiones en Colombia: perspectivas y riesgos fiscales con base en las normas vigentes
Este documento presenta proyecciones sobre el gasto fiscal asociado con Colpensiones y los regímenes especiales que conforman el sistema pensional de Colombia con las normas vigentes en 2024. Bajo supuestos convencionales sobre longevidad, formalidad y una tasa de crecimiento económico de largo plazo del 3,3%, el gasto público en pensiones se mantendría en niveles inferiores al 3,6% del PIB... |
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| https://doi.org/10.32468/be.1271 | ||||
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Pension reform policy in Latin America: a fuzzy-set qualitative comparative analysis
Latin American countries have been at the forefront of pension privatization and since 2008 they have also pioneered reform reversals. Previous studies have focused on single cases or a small number of them, given that pension reform is a complex phenomenon arising from the combination of different causes. Using fuzzy-set Qualitative Comparative Analysis (fsQCA), the article analyzes a set of 32... |
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| https://eprints.lse.ac.uk/123032/ | ||||
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Between Beveridge and Bismarck: Preferences for redistribution through public pensions
Citizens and politicians rely on their knowledge of a pension system, particularly its redistributive features, when forming their preferences and evaluating its fairness. Taking advantage of the Bismarckian rule of proportionality in Germany, we provide experimental and survey-based evidence indicating that voters and politicians adjust their preferences and perceptions of fairness when new... |
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| https://www.econstor.eu/bitstream/10419/299999/1/1892291762.... | ||||
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Assessing Chile’s Pension System: Challenges and Reform Options
This paper takes stock of Chile’s defined contribution pension system and assesses reform options aimed at increasing replacement rates. An international comparison shows that, despite being quite influential when established, it is now delivering low replacement rates relative to OECD peers, as its parameters did not adapt over time to changing demographics, declining global returns,... |
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| https://doi.org/10.31389/eco.420 | ||||
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Reshaping Retirement: Navigating Latin America’s Pension Systems after COVID-19
In the wake of the global turmoil unleashed by COVID-19, Latin America and the Caribbean faces a glaring gap in understanding the impact of the pandemic on pension systems. Through a collaboration between research centers across the region and the Inter-American Development Bank, this book aims to fill that gap. Case studies focusing on Argentina, Chile, El Salvador, and Peru explore the... |
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| http://dx.doi.org/10.18235/0012969 | ||||
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The effect of Covid pension withdrawals and the Universal Guaranteed Pension on the income of future retirees in Chile
Chile implemented large pension withdrawals during the Covid pandemic. Afterwards, Chile increased non-contributory benefits in a quasi-universal scheme. Simulating future pensions, I show that the average loss in contributory pension income is 27.9%, with losses of 23.9% and 31.4% for men and women, respectively. After accounting for public transfers, the average loss in total pension income is... |
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| https://www.bis.org/publ/work1176.htm | ||||
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An Assessment of the 2019 and 2020 Pension Reforms in Mexico
In recent years the Mexican pension system has changed significantly. In 2019 the existing means-tested social pension was made universal – covering everyone over the age of 65 – and the benefit level increased. In 2020, the main regime of the private sector was substantially reformed, increasing contribution rates for the funded defined contribution system, lowering the minimum years of... |
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| https://www.imf.org/en/Publications/WP/Issues/2024/03/08/An-... | ||||
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Estudio sobre tasas de reemplazo en el sistema de pensiones chileno y sus proyecciones bajo distintos escenarios
El propósito de este estudio es proveer un análisis de la situación actual de los montos de las pensiones que reciben los jubilados y las tasas de reemplazo que estas implican. Analizar los dos indicadores en forma conjunta permite realizar una evaluación más integral del sistema de pensiones al menos en dos de sus objetivos: suavizar consumo al pasar de vida activa a vida pasiva y de aliviar... |
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| https://ideas.repec.org/p/sdp/sdpwps/73.html | ||||
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Gaps in the welfare state: A role-based model of poverty risk in the U.S
Background: Research clearly demonstrates that income matters greatly to health. However, income distribution and its relationship to poverty risk is often misunderstood. Methods We provide a structural account of income distribution and poverty risk in the U.S., rooted in the ‘roles’ that individuals inhabit with relation to the ‘factor payment system’ (market distribution of income to... |
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| https://doi.org/10.1371/journal.pone.0284251 | ||||
