Keeping the Promise of Social Security in Latin America by Indermit S. Gill, Truman G. Packard, Juan Yermo

By Indermit S. Gill, Truman G. Packard, Juan Yermo

Empirical research of 2 a long time of pioneering pension and social safety reform in Latin the USA and the Caribbean exhibits that a lot has been accomplished, yet that severe demanding situations stay. In tackling this unfinished schedule, greatly will be discovered from the reform adventure of nations within the quarter. 'Keeping the Promise,' produced through the manager economist's place of work for the Latin the USA and Caribbean sector on the international financial institution, evaluates coverage reforms in 12 nations, issues to successes and shortcomings, and proposes priorities and strategies for destiny reform.

Show description

Read or Download Keeping the Promise of Social Security in Latin America (Latin American Development Forum) PDF

Similar central america books

Guatemala (Moon Handbooks) (4th Edition)

Part-time Guatemala resident Al Argueta offers tourists with an insider’s view of Guatemala’s most sensible, from idyllic surf spots to well known volcanoes. Argueta bargains in-depth assurance of Lake Atitlan and l. a. Antigua, in addition to Guatemala City’s varied collection of museums. With professional recommendation on the place to devour, sleep, sit back, and discover, Moon Guatemala supplies tourists the instruments they should create a extra own and noteworthy adventure.

Peasants In Arms: War & Peace in the Mountains of Nicaragua, 1979-1994 (Ohio RIS Latin America Series)

Drawing on stories from contra collaborators and ex-combatants, in addition to pro-Sandinista peasants, this e-book provides a dynamic account of the transforming into divisions among peasants from the world of Quilalí who took up fingers in protection of innovative courses and beliefs akin to land reform and equality and those that adversarial the FSLN.

Recreating Africa: Culture, Kinship, and Religion in the African-Portuguese World, 1441-1770

Exploring the cultural lives of African slaves within the early colonial Portuguese international, with an emphasis at the multiple million imperative Africans who survived the adventure to Brazil, James candy lifts a curtain on their lives as Africans instead of as incipient Brazilians. Focusing first at the cultures of important Africa from which the slaves came--Ndembu, Imbangala, Kongo, and others--Sweet identifies particular cultural rites and ideology that survived their transplantation to the African-Portuguese diaspora, arguing that they didn't collapse to fast creolization within the New international yet remained exceedingly African for your time.

Moon Living Abroad in Belize

Victoria Day-Wilson has all of the perception and information on settling down in Belize—she's made the circulate there herself. In Moon residing in a foreign country in Belize, she bargains user-friendly, a professional suggestion on how businesspeople, scholars, academics, retirees, and execs could make a gentle transition to residing during this more and more well known vacation spot.

Additional info for Keeping the Promise of Social Security in Latin America (Latin American Development Forum)

Example text

In order to benefit from tax incentives on voluntary savings, deposits must normally be left in the individual account until retirement. There are two exceptions to this restriction: in Colombia and Mexico funds deposited on a voluntary basis can be cashed out at any time with six months’ notice. Chile also recently modified pension legislation permitting distributions at any time, although they are subject to a tax penalty. In addition to voluntary contributions to the funded system, workers in Latin American countries can save in a variety of financial instruments.

Combined with insights from the study of household behavior and financial institutions, the second dichotomy helps in deciding the relative weights of the second and third pillars. Together these can help determine the unfinished reform agenda needed in countries that have already adopted the multipillar approach, and the options that should be considered in those that are seriously contemplating pension reform. It may even persuade obstinate nonreformers to reexamine their strategies to help elderly people achieve income security.

High contribution rates and earnings ceilings may explain why few workers have found it worth making voluntary contributions to their individual accounts in most countries, even when they are relatively liquid and offer attractive tax benefits. In addition, the operation of the savings component (both the mandatory and voluntary parts) presents some weaknesses arising primarily from high commissions, lack of international diversification, and inadequate risk management over the life cycle. Chapter 8 provides some evidence on what may be wrong with seeing the multipillar structure with its heavy reliance on mandated saving as a final structure.

Download PDF sample

Rated 4.57 of 5 – based on 16 votes