Incomplete and highly fragmented work histories threaten to leave many contributors of the pension schemes in Latin America without the minimum pension guarantee or even without access to the ordinary pension. We propose a methodology to assess this risk, identify vulnerable groups and study...

The contribution of government transfer programs to inequality is often assessed by analyzing to what extent the benefits paid go to lower income families. Several analysts have found that some key government transfers actually go mostly to middle and high income families and thus contribute to...

Uruguay is atypical in Latin America in that the proportion of the elderly receiving contributory pensions is high, and the incidence of poverty among the aged population is lower than among any other age group. But several observers fear that this situation could deteriorate in the future,...

Este documento explora la hipotesis, muchas veces enunciada, segun la cual una mejor proteccion del valor de los activos financieros frente a la inflacion podria estimular el ahorro privado. Se analiza el caso uruguayo, cuyo interes deriva de su larga experiencia inflacionaria y del uso temprano...