By Carolin A. Crabbe
The social safety equation is worsening around the globe with the elderly inhabitants growing to be quicker than the exertions strength. within the final twenty years of the 20 th century, the Latin American and the Caribbean quarter used to be confronted with what appeared insurmountable problems during this regard. Social safety costs had grown with the inflation and upward alterations of wages and frequent tax evasion. inside this framework, a number of nations within the zone undertook a profound overhaul in their social safety platforms, exchanging them totally or partly with a privately controlled and invested approach. those far-reaching reforms have replaced the way in which social protection is seen and, consequently, policymakers world wide are the event of the sector. 1 / 4 Century of Pension Reform in Latin the US and the Caribbean presents an research of those reforms, what labored good, what didn't, what are the teachings discovered and what are the subsequent steps.
Read Online or Download A Quarter Century of Pension Reform in Latin America and the Caribbean: Lessons Learned and Next Steps PDF
Best labor & industrial relations books
It is a e-book approximately how international unionism was once born within the maritime delivery area. It argues that the economic constitution of transport, and in particular the interconnected nature of transport creation chains, facilitated the globalization of union bargaining procedure, and the transnationalization of union constructions for mobilizing business motion.
-- Lawerence S. Root, professor on the tuition of Social paintings and director of the Institute of work and commercial relatives on the college of Michigan
This ebook is a microcosm of problems with minimal salary choice in constructing nations tested within the context of Papua New Guinea (PNG). With provision of parallels, it discusses the serious matters, procedure, and actors excited by choice of minimal salary. Like so much governments in constructing international locations enthusiastic about financial improvement, the severe factor for the PNG executive has been to make sure that salary degrees and the salary constitution harmonise so far as attainable with the nationwide improvement aspirations and nevertheless, social goals are maintained in the course of the prevention of exploitation of employees.
The advance of business family members in several nations should be crucial of their efforts to stability competitiveness with equitable wages and stronger operating stipulations. as a result, a well-functioning exertions marketplace is key for sturdy fiscal functionality in addition to destiny fiscal development and for the health and wellbeing of staff and their households.
Additional info for A Quarter Century of Pension Reform in Latin America and the Caribbean: Lessons Learned and Next Steps
This chapter is an updated summary of Mesa-Lago (2004). 43 Copyright © by the Inter-American Development Bank. All rights reserved. org/pub 2 CHAPTER all twelve), it analyzes the challenges facing reformers and proposes policies to resolve some of them. These challenges include coverage of the labor force, collection of contributions, competition among pension fund managers, administrative costs, capital accumulation and the impact on national savings, the ﬁscal cost of the transition, development of the capital markets and portfolio diversiﬁcation, real return on the investment, the amount of the pension, gender equity, and solidarity.
This has led to questions of how to protect portfolios in the future and how to engender conﬁdence among the people in their pension systems. The second part of the equation, restoring conﬁdence and assuring citizens that the government will act responsibly, encompasses a plethora of measures in areas other than pension reform. Another effect of the requirement that such a large portion of the portfolios be held in government securities has been the crowding out of ﬁnancing of the private sector through bonds and equities.
A. a. a. a. a. a. a. a. a. a. a. a. a. a. a. a. Not applicable (years before the reform). Source: World Bank 2005; AIOS Statistical Bulletin No. 12, December 2004. 27 Copyright © by the Inter-American Development Bank. All rights reserved. 8 Source: World Bank, World Development Indicators, 2005, and IMF, 2004. capitalization, which measures the overall size of the market, has remained relatively small throughout the region. While the region’s market capitalization in 2003 represented about a third of GDP, it has not kept pace with other regions of the world such as Asia, where it represents over 50 percent of GDP, or the United States and the United Kingdom, where it exceeds GDP.
A Quarter Century of Pension Reform in Latin America and the Caribbean: Lessons Learned and Next Steps by Carolin A. Crabbe