Forteza, Alvaro; Rossi, Ianina - Departamento de Economía, Facultad de Ciencias Sociales - 2010
It is usually accepted that a pure NDC scheme is not adequate to protect individuals against the risk of poverty in old age, because it does not incorporate any redistribution of the system`s revenue. However, we show that insufficient coverage and weak social protection can be more seriuos...