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dc.titleHow to Promote Retirement Savings for Low-Income and Independent Workers: The Cases of Chile, Colombia, Mexico and Peru
dc.contributor.authorBosch, Mariano
dc.contributor.authorCaballero, Gustavo
dc.contributor.authorCofré, Fabián
dc.contributor.authorGonzález, Stephanie
dc.contributor.authorHand, Anne
dc.contributor.authorKeller, Lukas
dc.contributor.authorSilva Porto, María Teresa
dc.contributor.orgunitLabor Markets Division
dc.coverageColombia
dc.coverageMexico
dc.coveragePeru
dc.coverageChile
dc.coverageLatin America
dc.date.available2019-11-22T16:00:00
dc.date.issue2019-11-15T00:00:00
dc.description.abstractThe objective of this document is to understand the potential that voluntary savings has to increase pension coverage for low-income and independent workers in Chile, Colombia, Mexico, and Peru. It comprehensively reviews supply, demand, and institutional barriers to retirement savings, and presents possible cost-effective solutions to overcome these barriers. The framework of solutions proposed consists of behavioral tools, in addition to financial and technological innovations, with high potential for impact on the long-term savings of independent and low-income workers.
dc.format.extent79
dc.identifier.doihttp://dx.doi.org/10.18235/0002016
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/How_to_Promote_Retirement_Savings_for_Low-Income_and_Independent_Workers_The_Cases_of_Chile_Colombia_Mexico_and_Peru_en.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/spanish/document/Cómo_fomentar_el_ahorro_para_el_retiro_entre_los_trabajadores_de_bajos_ingresos_e_independientes_Los_casos_de_Chile_Colombia_México_y_Perú_es.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectPension Systems
dc.subjectIncome, Consumption and Saving
dc.subjectRetirement Saving
dc.subject.jelcodeG23 - Non-bank Financial Institutions • Financial Instruments • Institutional Investors
dc.subject.jelcodeD83 - Search • Learning • Information and Knowledge • Communication • Belief • Unawareness
dc.subject.jelcodeD91 - Intertemporal Household Choice • Life Cycle Models and Saving
dc.subject.jelcodeH55 - Social Security and Public Pensions
dc.subject.jelcodeJ26 - Retirement • Retirement Policies
dc.subject.jelcodeE21 - Consumption • Saving • Wealth
dc.subject.keywordsMexico; Colombia; Peru; Chile; savings; retirement; old-age; self-employed; behavioral biases; behavioral tools; technology; information; solutions
idb.identifier.pubnumberIDB-TN-01777
idb.operationRG-M1277
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