The Mexican Defined Contribution Pension System: Perspective for Low Income Workers

Oliver, Azuara (2004): The Mexican Defined Contribution Pension System: Perspective for Low Income Workers. Published in: (2004)

Abstract

This paper analyzes the structure and perspectives of the current pension system, introduced in 1997 as part of Mexico’s structural changes. In particular, it focuses on the effects of the system on poverty after retirement and emphasizes the redistributive component of its design. In addition, there is an analysis of alternative forms for financing pensions at the end of the working lives of affiliates. Finally, there are some recommendations to improve the functioning and financing of the system.

• Item Type: MPRA Paper
• Language: English
• Keywords: pensions; afores; mexico
• Subjects: H - Public Economics > H5 - National Government Expenditures and Related Policies > H55 - Social Security and Public Pensions; G - Financial Economics > G2 - Financial Institutions and Services > G23 - Non-bank Financial Institutions ; Financial Instruments ; Institutional Investors; J - Labor and Demographic Economics > J3 - Wages, Compensation, and Labor Costs > J32 - Nonwage Labor Costs and Benefits ; Retirement Plans ; Private Pensions

References

IMSS. General Financial Direction.