Welfare, Inequality and Financial Consequences of a Multi-pillar Pension System

Reference : Welfare, Inequality and Financial Consequences of a Multi-pillar Pension System


	Document type :	E-prints/Working papers : Already available on another site
	Discipline(s) :	Business & economic sciences : Social economics
	To cite this reference:	http://hdl.handle.net/10993/16648

Title :	Welfare, Inequality and Financial Consequences of a Multi-pillar Pension System
Language :	English
Author, co-author :	Olivera Angulo, Javier [University of Luxembourg > Faculty of Language and Literature, Humanities, Arts and Education (FLSHASE) > Integrative Research Unit: Social and Individual Development (INSIDE) >]
Publication date :	Jan-2010
Publisher :	ECINEQ
Collection and collection volume :	ECINEQ Working Paper 2010-15
Number of pages :	28
Peer reviewed :	No
Keywords :	[en] Pension Reform ; Pension Inequality ; Peru
Abstract :	[en] The distributional impact of the structural pension reform in Latin American countries has been largely absent in the economic debate. However, this reform may widen inequality in old-age and reduce welfare. In this paper we study the consequences of implementing a multi-pillar system in one of these countries. We take advantage of available administrative records for Peruvian workers to estimate inequality in pensions, pension debt and welfare. Overall, our results show that the pension debt and inequality can be substantially reduced without welfare losses.
Permalink :	http://hdl.handle.net/10993/16648
source URL :	http://www.ecineq.org/milano/WP/ECINEQ2010-152.pdf

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