Edited by David Tuesta y Gautam Bhardwaj

One of the pending tasks in Latin America is the development of a pension system that is widely accessible, sufficient and financially sustainable over time. Beyond the different degrees of progress in each of the countries, they all face similar internal and global challenges. In particular, the problems of high informality of institutions and labor markets make the road even more uphill.

The recent Covid19 pandemic scenario has highlighted the structural weaknesses of pension systems in the region, thus exacerbating several transformations that were already unfolding. While internally, the main challenges already rested on the consolidation of the necessary economic stability and the development of consensus among economic and social agents, externally, a series of global trends such as demographic, financial, labor, technological and environmental ones were being observed.

All of the above raises the need for policy makers in Latin America to develop approaches aimed at innovating their respective retirement systems where, for example, some tools that are being developed in the regulatory, digital and behavioral economics fields are showing increasing evidence that they can support public policies in a more generalized way, helping to build a more sustainable profile for pension systems.

Given this scenario, different pension experts have been brought together to develop the book “Innovating pensions for the self-employed and informal workers in Latin America”, edited by pinBoxSolutions. This volume aims to propose innovative solutions to the main problems on the supply and demand side that have been limiting the possibility of building greater pension savings, particularly in the informal population segments. To this end, the analysis, diagnoses, regulatory initiatives and innovative experiences that contribute to improving pension systems will be brought together. This will make it possible to build a set of concrete recommendations for Latin American policy makers.

Get the book at pinbox Solutions