The Latin American Experience in Pension System Reform

Coverge, Fiscal Issues and Possible Implications for China

Format *
In the past two decades, Latin American countries reformed their pension systems focusing mainly on addressing the weaknesses of the contributory schemes – fiscal unsustainability, low coverage levels and a high degree of segmentation – and barely addressed the non-contributory element. The reform experiences show however that the intended reforms did not manage to meet their objectives. The Latin American experience shares similarities with that of China in terms of coverage, labor market informality. Both cases attest to the importance of combining contributory and non-contributory components in pension reform design.
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Details:

Agency/Department
UN/Economic Commission for Latin America and the Caribbean
Print ISBN
9789211217001
Print Publication Date
Page Count
48
Print Sales Number
09.II.G.43
Series Title
Financiamiento del Desarrollo

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