Evaluating the Impact of COVID-19 on Pension Systems in Latin America and the Caribbean: The Case of Argentina
Peer Reviewed
Date issued
Oct 2022
Subject
Inflation;
Pension Systems;
Sustainability;
Labor Force;
Population Aging;
Coronavirus;
Women;
Gross Domestic Product;
Labor Market
JEL code
I31 - General Welfare, Well-Being;
I38 - Government Policy • Provision and Effects of Welfare Programs;
J11 - Demographic Trends, Macroeconomic Effects, and Forecasts;
J14 - Economics of the Elderly • Economics of the Handicapped • Non-Labor Market Discrimination
Country
Argentina
Category
Working Papers
This paper presents a first approximation to assess the impact of the COVID-19 outbreak on Argentinas pension system in both the short and medium/long-term. To this end, we have used the Pension Projection Model of the Inter-American Development Bank (IDB) to design and analyze possible scenarios and outcomes, based on alternative scenarios. According to the data analyzed and the projections, the impact of COVID-19 on Argentinas pension system in the short run seems to have been limited, particularly given the rapid recovery during the last months of 2021. The long-term impact is harder to predict. Given the macroeconomic effects of the efforts made by authorities to protect the system and pensioners during the pandemic on the one hand; and the effects of COVID-19 within the labor market on the other, overall consequences are still to be fully understood.
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