Download or read book Economic and Financial Aspects of Social Security in Latin America and the Caribbean written by Carmelo Mesa-Lago and published by . This book was released on 1990 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Financial Aspects of Social Security in Latin America written by World Bank and published by . This book was released on 1962 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Institutional Frameworks for Social Policy in Latin America and the Caribbean written by Rodrigo Martínez and published by UN. This book was released on 2018 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreword .-- Introduction .-- Part 1. Social policy institutions. -- Chapter I. Institutional framework for social development / Rodrigo Martínez, Carlos Maldonado Valera .-- Chapter II. Social development and social protection institutions in Latin America and the Caribbean: overview and challenges / Rodrigo Martínez, Carlos Maldonado Valera .-- Part 2. Components and institutional framewoek of social protection. -- Chapter III. Labour market regulation and social protection: institutional challenges / Mario D. Velásquez Pinto .-- Chapter IV. Institutional aspects of Latin America's pension systems / Andras Uthoff .-- Chapter V. Care as a pillar of social protection: rights, policies and institutions in Latin America / María Nieves Rico, Claudia Robles .-- Part 3. Policies for specific populations and their institutional framework .-- Chapter VI. Life cycle and social policies: youth institutions in the region / Daniela Trucco .-- Chapter VII. Disability and public policy: institutional progress and challenges in Latin America / Heidi Ullmann .-- Chapter VIII. Latin American Afrodescendants: institutional framework and public policies / Marta Rangel.

Download or read book Reassembling Social Security written by Carmelo Mesa-Lago and published by Oxford University Press. This book was released on 2008-01-31 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: The reform of social security pensions and healthcare is a key issue for the modern world, and in many ways Latin America has acted as a social laboratory for the reform of these systems. This is the first book to comprehensively study these influential reforms in Latin America's pension and health care systems.

Download or read book Keeping the Promise of Social Security in Latin America written by Indermit S. Gill and published by World Bank Publications. This book was released on 2004-10-25 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: Empirical analysis of two decades of pioneering pension and social security reform in Latin America and the Caribbean shows that much has been achieved, but that critical challenges remain. In tackling this unfinished agenda, a great deal can be learned from the reform experience of countries in the region. 'Keeping the Promise,' produced by the chief economist's office for the Latin America and Caribbean region at the World Bank, evaluates policy reforms in 12 countries, points to successes and shortcomings, and proposes priorities and options for future reform.

Download or read book Social Security in Latin America written by William Paul McGreevey and published by Washington, D.C. : World Bank. This book was released on 1990 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study reviews the findings of a number of background papers on social security in Latin America, sector work, and a series of three meetings of experts that explored the major issues facing social security institutions. In Latin America, social security institutes have been competently managed for the most part and have a proven record of successfully delivering social services to their members. The central theme of this report is the great, and largely untapped, potential of social security institutions to relieve poverty in Latin America. By taking advantage of the positive characteristics of these institutions and repairing at least some of the efficiency problems, countries could achieve an enhanced level of income security for the aged, better coverage of basic health services, and wider protection from economic disasters for the whole population. A wider revenue base would accommodate an increase in coverage of the population if combined with a prudently designed benefit package. There is ample evidence from countries in the region that have experimented with such reforms that they can be made, and that they are desirable and feasible on economic grounds. Political feasibility is more difficult to assess but can be enhanced by well informed, carefully designed reforms.

Download or read book Pensions at a Glance Latin America and the Caribbean written by OECD and published by OECD Publishing. This book was released on 2014-12-01 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive book on pensions in Latin America and the Caribbean examines recent demographic trends, pension design and entitlements before providing a series of country profiles. The special chapter examines coverage and adequacy.

Download or read book Social Security Issues in Developing Countries written by International Monetary Fund and published by International Monetary Fund. This book was released on 1988-02-22 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper surveys the major economic, financial, and administrative issues that confront social security systems in Latin America. The larger systems have contributed substantially to public sector financial disequilibria. Expenditures of the younger systems with more limited coverage could increase dramatically as the pension plan matures, life expectancy increases, and coverage is broadened, but the narrow revenue base will force a tradeoff between broader coverage and the generosity of benefits. Most plans are pay-as-you-go, and the case for full or partial funding is not found to be compelling. The inflationary environment can have a substantial effect on the financial balance, even under full indexation.

Download or read book Financial Aspects of Social Security in Latin America written by and published by . This book was released on 1962 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Social Security Systems in Latin America written by Francisco E. B. Oliveira and published by . This book was released on 1994 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: But Latin America now faces economic and social challenges that are forcing policymakers to find ways to reform social security. Insufficient funding and a lack of incentive to improve quality and efficiency have compromised many programs, and today they often do not reach those who most urgently need them. Large deficits, low contribution rates, widespread tax evasion, and increasing insolvency exacerbate the problem.

Download or read book Social Security and Prospects for Equity in Latin America written by Carmelo Mesa-Lago and published by . This book was released on 1991 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Achieving Effective Social Protection for All in Latin America and the Caribbean written by Helena Ribe and published by World Bank Publications. This book was released on 2010 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book looks at recent social protection reforms in the LAC region for ways to improve coverage and the adequacy of benefits taking into account the realities of labor markets and high levels of informal sector employment, where governments are unable to impose compulsory social insurance.

Download or read book Economic Reform and Progress in Latin America and the Caribbean written by Norman Loayza and published by World Bank Publications. This book was released on 1997 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Economic and Financial Aspects of Social Security written by John Henry Richardson and published by . This book was released on 1960 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Economic Survey of Latin America and the Caribbean 2009 2010 written by United Nations and published by UN. This book was released on 2011-03 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2009, the countries of Latin America and the Caribbean experienced the brunt of the global financial crisis on their levels of activity, so that the region experienced a decline of 1.9% of GDP. However, since the second half of the year, most countries in the region have begun a vigorous recovery that should strengthen in 2010 with a regional GDP expansion of approx. 5.2%. This region, together with the emerging countries of Asia, were among the most dynamic in the world prior to the global financial crisis. The factors though behind a more positive performance are both external and internal in nature. Amongst the former, can be included the continued dynamism of some key Asian economies, whose sustained demand for products from this region has created important conditions for a recovery in exports, especially in the case of South America. Similarly, the recovery of the U.S. economy, though gradual, contributes to a better scenario for Mexico, Central America and, to the extent that raises the demand for tourism, possibly also for the Caribbean. For the latter, some recovery is projected in remittances from that country by migrant workers in the region.

Download or read book Ascent to Bankruptcy written by Carmelo Mesa-Lago and published by . This book was released on 1989 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1990, Carmelo Mesa-Lago, the foremost authority on social security in Latin America, concluded that all of the region's programs were imperiled, especially those in the most advanced nations. His study of twenty countries, originally sponsored by the United Nations Economic Commission for Latin America, critically reviews major financial problems, low and uneven population coverage, erosion in benefits, increasing costs, and the impact of social security on development. In words that eerily echo current U.S. debates, Mesa-Lago analyzes virtually all social insurance programs: old age, disability and survivors' pensions; health care; occupational hazards; family allowances; and unemployment. For social security specialists, this impressive study will serve as a comprehensive regional handbook on the legal, administrative, and financial features of Latin America's programs. Students of comparative policy and applied economics will find Mesa-Lago's methodology, analytical framework, and policy recommendations invaluable.

Download or read book The Political Economy of Pension Reform written by Evelyne Huber and published by Conran Octopus. This book was released on 2000 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since pension schemes-along with health care and education-absorb the largest amount of social expenditure in all countries, their reform has a potentially major impact both on the fiscal situation of the state and on the life chances of citizens who stand to win or lose from new arrangements. This makes pension reform a highly controversial issue; and, except for the addition of new programmes and benefits, major restructuring of existing pension systems has been extremely rare in advanced industrial democracies. It was also rare in Latin America before the 1980s and 1990s. But there has been a great deal of experimentation within the region during the past decade. This paper examines the larger economic, social and political context of Latin American pension reform and compares experiences in different countries of the region with options available in Western European societies during the same period. The authors argue that the type of pension reform undertaken in Latin America has been an integral part of the structural adjustment programmes pursued by Latin American governments, under the guidance of international financial institutions (IFIs). Although there was a range of possible remedies to the problems of pension systems in different Latin American countries, neo-liberal reformers and the international financial institutions preferred privatization over all others. They claimed that privatization would be superior to other kinds of reform in ensuring the financial viability of pension systems, making them more efficient, establishing a closer link between contributions and benefits and promoting the development of capital markets-thus increasing savings and investment. And they were able to push through some of their suggestions for reform in spite of considerable opposition from pensioners, trade unions and opposition political parties. Interestingly enough, their pressure proved least effective in the more democratic countries of the region. In Costa Rica, for example, citizens preferred to reform the public system-eliminating the last pockets of privilege for public sector workers and ensuring that new levels of contribution would be adequate to provide minimum benefits for the aged and infirm. In Uruguay, citizens forced a public referendum, through which they rejected a proposal for privatization. At a later stage, they did permit the introduction of private investment accounts, but not at the cost of eliminating the public programme. In Argentina and Peru, after the legislature refused to authorize partial privatization, this was eventually pushed through by presidential decree. Only in Chile and Mexico has there been a complete shift to private pension funds-but, in both cases, influential sectors of the elite, including the military, have been allowed to keep their previous, publicly managed group funds. Looking at the only privatized pension system in existence long enough to allow for some assessment of its consequences-that of Chile-the authors find that many of the claims made by supporters of privatization are not substantiated by the evidence. The first discrepancy between neo-liberal predictions and the reality of Chilean pension reform has to do with efficiency. All previous claims to the contrary, private individual accounts have proven more expensive to manage than collective claims. In fact, according to the Inter-American Development Bank, by the mid-1990s administration of the Chilean system was the most expensive in Latin America. The second disproved claim involves yield. When administrative costs are discounted, privately held and administered pension funds in Chile show an average annual real return of 5.1 per cent between 1982 and 1998. Furthermore high fees and commissions-charged at a flat rate on all accounts-have proven highly regressive. When levied against a relatively modest retirement account, for example, these standard fees reduced the amount available to the account holder by approximately 18 per cent. When applied to the deposit of an individual investing 10 times more, the reduction was slightly less than 1 per cent. The third discrepancy involves competition. Although it was assumed that efficiency within the private pension fund industry would be associated with renewed competitiveness-while the public pension system represented monopoly-the private sector has in fact become highly concentrated. The three largest pension fund administrators in Chile handle 70 per cent of the insured. And to reduce advertising costs, public regulators are limiting the number of transfers among companies that any individual can make. A fourth unfulfilled promise of privatization in Chile has to do with expansion of coverage. It was assumed that the existence of private accounts would increase incentives for people to take part in the pension sc heme, but in fact this has not happened. Coverage and compliance rates have remained virtually constant. A fifth major claim was that the conversion of the public pension system into privately held and administered accounts would strengthen capital markets, savings and investment. But a number of studies have recently concluded that, at best, this effect has been marginal. And finally, the dimension of gender equity within a fully privatized pension scheme is being subjected to increasing scrutiny. Women typically earn less money and work fewer years than men. Therefore, since pension benefits in private systems are strictly determined by the overall amount of money contributed to them, women are likely to receive considerably lower benefits. Public pension systems, in contrast, have the possibility of introducing credits for childcare that reduce this disadvantage. Sweden is an example of countries that have embarked on this course. In the latter part of the paper, Huber and Stephens widen their comparative framework to include recent pension reforms in advanced industrial countries. There, where economic crisis was not as severe and where pressure from international financial institutions was not significant, much broader options for reform were available. In fact, although long-established systems were under stress, no developed country opted for complete privatization. Complex measures were taken to strengthen the funding base of national pension systems, including changes in investment procedures and changes in rules for calculating pension benefits. Reforms also increased retirement age, as well as the number of years required to qualify for a full pension. But even the most thoroughgoing reforms retained a central role for public schemes in ensuring old-age benefits. In conclusion, the authors consider steps that can be taken to craft pension reforms with more desirable results than those obtained to date in Latin America. They recommend measures that address the problem of an aging population by increasing the ability of each generation to pay for its own pensions-rather than relying primarily on the contributions of preceding generations of insured workers. Pension payments should be invested in a variety of financial instruments and benefits must ultimately be related to the yields obtained. Such a strategy does not require introduction of privately managed, individually held, investment funds. On the contrary, risk is lessened by relying instead on collectively managed funds, in which accounts can either be identified with individuals or-more equitably-with generations of contributors. Reformed public pension systems should also contain minimum "citizenship pensions" that guarantee subsistence income in old age to all individuals as a matter of right. Such a measure, financed from general tax revenue rather than from personal contributions, is not beyond the means of medium income countries in Latin America and the Caribbean. In fact, some Nordic countries introduced citizenship pensions when their GNP per capita was lower than that of most Latin American countries today.