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What Are the Effects of Expanding a Social Pension Program on Extreme Poverty and Labor Supply?: Evidence from Mexico's Pension Program for the Elderly

Autor: Avila-Parra, Clemente; Escamilla-Guerrero, David
Año: 2017
Resumen: In 2013, Mexico's Social Pension Program for the Elderly was expanded by changing its eligibility threshold from age 70 to age 65. Using pooled cross-sectional data from Mexico's National Household Income and Expenditure Survey, the exogenous variation around eligibility age was exploited to uncover the causal effects of this expansion on extreme poverty and labor supply of the newly eligible population, and to explore potential transmission mechanisms. Applying quasi-experimental methods, results show that the expansion of Mexico's Social Pension Program for the Elderly not only reduced the probability of the elderly being extreme poor, but it also reduced the extreme poverty gap, and the extreme poverty severity indexes of the elderly population. These effects on extreme poverty are generalizable to all individuals of the treated household. The results suggest that the expansion of the Social Pension Program for the Elderly did not have short-term effects on the labor force participation of the elderly. Accordingly, the analysis does not find that the program reduced labor income. In contrast with other impact evaluations of similar programs, the analysis does not find that the expansion of Mexico's program had a crowding out effect on domestic or international private transfers to the elderly.

Fuente: Banco Mundial
Clasificación: Seguridad Social y Sistemas de Pensiones
Tipo de Publicación: Documentos de Trabajo
Idioma:

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What Are the Effects of Expanding a Social Pension Program on Extreme Poverty and Labor Supply?: Evidence from Mexico's Pension Program for the Elderly

Autor: Avila-Parra, Clemente; Escamilla-Guerrero, David
Año: 2017
Resumen: In 2013, Mexico's Social Pension Program for the Elderly was expanded by changing its eligibility threshold from age 70 to age 65. Using pooled cross-sectional data from Mexico's National Household Income and Expenditure Survey, the exogenous variation around eligibility age was exploited to uncover the causal effects of this expansion on extreme poverty and labor supply of the newly eligible population, and to explore potential transmission mechanisms. Applying quasi-experimental methods, results show that the expansion of Mexico's Social Pension Program for the Elderly not only reduced the probability of the elderly being extreme poor, but it also reduced the extreme poverty gap, and the extreme poverty severity indexes of the elderly population. These effects on extreme poverty are generalizable to all individuals of the treated household. The results suggest that the expansion of the Social Pension Program for the Elderly did not have short-term effects on the labor force participation of the elderly. Accordingly, the analysis does not find that the program reduced labor income. In contrast with other impact evaluations of similar programs, the analysis does not find that the expansion of Mexico's program had a crowding out effect on domestic or international private transfers to the elderly.

Fuente: Banco Mundial
Clasificación: Seguridad Social y Sistemas de Pensiones
Tipo de Publicación: Documentos de Trabajo
Idioma:

Para visualizar el documento, clic aquí »

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Popular Attitudes Towards Reforms in the Pension System

Autor: Instituto de Estudios Sociales y Análisis (ISSA)
Año: 2017
Resumen: The respondents are rather critical of the current pension system, inasmuch as they understand it: only 14% believed themselves to be informed. Half of all respondents referred to themselves as not informed. More than half of respondents had no information on the other proposed projects in the reform of the pension system made by the Ministry of Economy and the Trade Union Confederation of Georgia. About 13% of respondents assumed that they are more or less informed, while 30% said they were a little. A majority of those who are not against the accrual pension fund (88%) is relatively positive toward a proposed contribution of 2% from their wages: about 70% agreed.

Fuente: Fundación Friedrich-Ebert (FES)
Clasificación: Reformas de Pensiones
Tipo de Publicación: Informes
Idioma:

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The Evolution of the Canadian Pension Model: Practical Lessons for Building World-Class Pension Organizations

Autor: Banco Mundial
Año: 2017
Resumen: Canada is home to some of the world's most admired and successful public pension organizations. This was not always the case. As recently as the mid-1980s, many Canadian public pensions were invested largely or entirely in domestic government bonds, were funded primarily on a pay-as-you go basis, lacked independent governance, and were administered in an outdated and error-prone fashion. Over the past three decades, a Canadian model of public pension has emerged that combines independent governance, professional in-house investment management, scale, and extensive geographic and asset-class diversification. This report aims to document the emergence and evolution of this Canadian model, distilling practical lessons for stakeholders in emerging economies working to improve their pension arrangements and retirement systems. Although a growing body of literature exists on the Canadian model of pension organization, this report is unique in two respects: its emphasis on the evolutionary journey of Canadian pension organizations (as opposed to their current state) and its in-depth focus on Canadian pension funds that have received less attention than some of their peers.

Fuente: Banco Mundial
Clasificación: Seguridad Social y Sistemas de Pensiones
Tipo de Publicación: Libros
Idioma:

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Summary Note on Pension Reform in Brazil: Why is it Needed and What Will be its Impact?

Autor: Banco Mundial
Año: 2017
Resumen: This short note analyzes the fiscal and distributive impacts of the proposed pension reform currently under discussion in Brazil. It argues that the projected aging of Brazil`s population makes pension reform a necessity to regain the financial sustainability of the public pension system. Further, it analyses the distributional impact of the proposed reform showing that the biggest gains of the current system go to the top three quintiles of the population. Consequently, a reform of the pension system, by reducing the subsidies received by these groups, aside from contributing to its future sustainability would make the public pension system less regressive.

Fuente: Banco Mundial
Clasificación: Seguridad Social y Sistemas de Pensiones
Tipo de Publicación: Informes
Idioma:

Para visualizar el documento, clic aquí »

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