Better pensions, better jobs: status and alternatives toward universal pension coverage in Latin America and the Caribbean

This article offers an overview of the current state of labor markets and pension coverage in a wide sample of Latin America and the Caribbean countries, and proposes a series of possible avenues toward universal coverage, not only as an instrument to fight poverty during old age, but also as part o...

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Bibliographic Details
Published in:Journal of pension economics & finance 2017-04, Vol.16 (2), p.121-143
Main Authors: MELGUIZO, ANGEL, BOSCH, MARIANO, PAGES, CARMEN
Format: Article
Language:English
Subjects:
Age
Beneficiaries
Business models
Economic growth
Employment
GDP
Gross Domestic Product
International
Labor market
Older people
Pension funds
Pensions
Population
Socioeconomic factors
Studies
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Summary:This article offers an overview of the current state of labor markets and pension coverage in a wide sample of Latin America and the Caribbean countries, and proposes a series of possible avenues toward universal coverage, not only as an instrument to fight poverty during old age, but also as part of an agenda for increasing formal employment and productivity growth. We conclude that despite perspectives of low economic growth and reduced fiscal space, the region is going through intense demographic and socio-economic changes, which increase the demand for better jobs and provide a real opportunity for initiating the bold reforms in pensions, labor, and taxes needed to achieve universal coverage.
ISSN:1474-7472
1475-3022
DOI:10.1017/S1474747215000190