Cerda, Luis; Grandolini; Grandolini, Gloria - Economics Research, World Bank Group - 1998
. But Mexico achieved radical reform with its pension system within a difficult political and economic environment. And the … timing of the reform was appropriate. The age structure in the existing system was very young, so coverage could increase …. Also, reform took place after the inflationary 1980s and the recent financial crisis, which eroded the real value of old …