DIA 2016: Chapter 7: Saving For The Future Pension Systems (Tables and Figures)
Cavallo, Eduardo A.
Pension systems in Latin America and the Caribbean are broken. To begin with, they cover less than half the population. Moreover, flaws in structure and financing make some of them unsustainable, even for this limited beneficiary population. The approaching end of the demographic dividend only magnifies these problems. Since pensions are the main vehicle through which households save for retirement, the pension crisis is effectively a saving crisis.