Previdencia social no Brasil: por uma reforma mais duradoura

Clovis de Faro

No 288, FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) from EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil)

Abstract: The reform of pension systems has been a main concern both in the developed and in the developing world. The basic reason is the growing awareness of the adverse effects of two demographic factors on the pay-as-you-go pension system: decrease in fertility and increase in longevity. Analysing the weakness of the pay-as-you-go pension system, the article advocates the adoption of the capitalization system; an experience that has been very successful in the Chilean case.

Date: 1996-09
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Persistent link: https://EconPapers.repec.org/RePEc:fgv:epgewp:288

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