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| dc.title | Impact of the COVID-19 Pandemic on the Formal Labor Market and the Pension System in El Salvador |
| dc.contributor.author | Fuentes, Nelson |
| dc.contributor.author | Aguilar, Gonzalo |
| dc.contributor.author | Trillos, Camila |
| dc.contributor.orgunit | Department of Research and Chief Economist |
| dc.coverage | El Salvador |
| dc.date.available | 2022-10-26T00:10:00 |
| dc.date.issue | 2022-10-26T00:10:00 |
| dc.description.abstract | Using an impact evaluation methodology for interrupted time-series and the IDB Pension Projection Model, this study estimates that the COVID-19 pandemic could have notably effects on the private pension system in El Salvador as a consequence of the relaxation of requirements to repay early withdrawals that was established in the context of the pandemic. This fact could negatively affect passive coverage rate, system incomes, short-run system surplus and replacement rates, generating an increase in the fiscal cost. The problems of the Salvadoran pension system are structural, and the COVID-19 pandemic has exacerbated them. Consequently, although it is possible to discuss policies to reduce these effects, it is necessary to frame this discussion in the context of a comprehensive reform of the system. |
| dc.format.extent | 56 |
| dc.identifier.doi | http://dx.doi.org/10.18235/0004523 |
| dc.identifier.url | https://publications.iadb.org/publications/english/document/-Impact-of-the-COVID-19-Pandemic-on-the-Formal-Labor-Market-and-the-Pension-System-in-El-Salvador.pdf |
| dc.language.iso | en |
| dc.publisher | Inter-American Development Bank |
| dc.subject | Pension Systems |
| dc.subject | Coronavirus |
| dc.subject | Pandemics |
| dc.subject | Women |
| dc.subject | Labor Force |
| dc.subject | Wage |
| dc.subject | Labor |
| dc.subject | Social Security |
| dc.subject.jelcode | C22 - Time-Series Models • Dynamic Quantile Regressions • Dynamic Treatment Effect Models • Diffusion Processes |
| dc.subject.jelcode | G28 - Government Policy and Regulation |
| dc.subject.jelcode | H55 - Social Security and Public Pensions |
| dc.subject.jelcode | J14 - Economics of the Elderly • Economics of the Handicapped • Non-Labor Market Discrimination |
| dc.subject.jelcode | J32 - Nonwage Labor Costs and Benefits • Retirement Plans • Private Pensions |
| dc.subject.jelcode | J33 - Compensation Packages • Payment Methods |
| dc.subject.keywords | COVID-19;Salvadoran pension system;Early Withdrawals;Impactevaluation;Pension reform |
| dc.type | Working Papers |
| idb.identifier.pubnumber | IDB-WP-01393 |
| idb.operation | RG-K1198 |