Impacto de la reforma al sistema de pensiones en México sobre el ahorro

Alejandro Villagomez and Juan Ignacio Hernández

No DTE 453, Working Papers from CIDE, División de Economía

Abstract: When the Mexican Pension Reform was discussed, one of the principal points argued in its favor was the positive effect over national savings. This paper carries out the first measurement of that impact using mandatory savings. We estimate a mandatory savings time series for Mexico and its relationship with voluntary private savings. Our results suggest that ten years after the reform, mandatory savings in conjunction with the change in public savings have a positive, but small, impact over national savings. There is no evidence of neutralization between voluntary and mandatory savings.

Keywords: Mexico; Pension Reform; private savings (search for similar items in EconPapers)
JEL-codes: J32 P11 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2009-08
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Related works:
Working Paper: Impacto de la reforma al sistema de pensiones en México sobre el ahorro (2009)
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