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Pension Systems in Latin America: Concepts and Measurements of Coverage

Rafael Rofman (), Leonardo Lucchetti Author-X-Name-llucche2@uiuc.edu and Guzmán Ourens ()
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Leonardo Lucchetti Author-X-Name-llucche2@uiuc.edu: Human Development Department, Latin America and the Caribbean Regional Office (LCSHS), the World Bank

No 510, Documentos de Trabajo (working papers) from Department of Economics - dECON

Abstract: Pension systems’ performance around the world can be usually assessed by considering three dimensions: coverage, adequacy, and sustainability. This paper focuses on the coverage dimension, looking at empirical data in Latin America. It represents a review and expansion of a previous analysis (such as Rofman and Carranza, 2005), as it corrects a few methodological problems and expands the timeframe. Data were available for 18 countries, for a period that starts in the early 1990s to the mid 2000s. Recognizing the difficulties involved in comparing the available information, the paper presents a group of similar indicators that make it possible to measure coverage in the various countries, both among active workers and among the elderly. In addition, several socio-demographic characteristics of the covered population are presented and discussed, identifying relevant differentials. The covariates taken into account in the study are: age, geographical areas, sector of employment, level of education, gender, occupation, firm size, and income quintiles.

Keywords: Coverage; Pension Systems; Latin America. (search for similar items in EconPapers)
JEL-codes: I38 J14 J26 (search for similar items in EconPapers)
Pages: 153 pages
Date: 2010-04
New Economics Papers: this item is included in nep-age, nep-cis and nep-lab
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