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CEPAL Review

Cepal Review is the leading journal for the study of economic and social development issues in Latin America and the Caribbean. Edited by the Economic Commission for Latin America, each issue focuses on economic trends, industrialization, income distribution, technological development and monetary systems, as well as the implementation of economic reform and transfer of technology. Written in English and Spanish (Revista de la Cepal), each tri-annual issue offers approximately 12 studies and essays undertaken by authoritative experts or gathered from conference proceedings.

English Spanish

Labour markets and pension systems

Latin America is going through a simultaneous process of population ageing and growing predominance of precarious employment conditions which poses a challenge for contributory pension systems. The solvency of the basic pillars of the unfunded system is being affected by the longstanding decline in the number of active persons whose contributions finance the benefits of retirees. The benefits of the individually funded systems are sensitive to the density of contributions needed to accumulate capital and finance pensions for members with increasingly long life expectancies. This study describes how this challenge manifests itself at present and examines the responsibilities that society must assume in order to cope with it.

English Spanish

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