Recent History, Perspectives and Challenges to Pension Policy: The Brazilian Case

Marcelo Abi-Ramia Caetano

Chapter 5 in Reforming Pensions in Developing and Transition Countries, 2014, pp 127-157 from Palgrave Macmillan

Abstract: Abstract Brazil has put in place a number of social insurance reforms since the country’s hyperinflation came to an end in the mid-1990s. Two main objectives were pursued in these reforms: equality, specifically through the harmonization of pension rules for private sector workers and public servants (the latter group had more beneficial rules than the former); and alleviating the actuarial and fiscal imbalances of the Brazilian pension system as a whole, since its huge annual cost of over 11 per cent of gross domestic product (GDP) imposed a heavy fiscal burden on a relatively young country whose demographic dependency ratio was (and is) only 10 per cent.1

Keywords: Gross Domestic Product; Minimum Wage; Pension System; Average Wage; Public Employee (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:sopchp:978-1-137-39611-2_5

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DOI: 10.1057/9781137396112_5

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