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This note, originally prepared as an appendix for the 2016 Development in the Americas Report, Saving for Development, surveys the methodology and assumptions used in the discussion of replacement rates for pension systems in Latin America and the Caribbean.
This paper examines the effects of Argentina’s Plan de Inclusión Previsional (PIP), which changed the pension system in a way that generated a new noncontributory pillar, produced a huge expansion in pension coverage between 2005 and 2008 and a transfer of a vast amount of resources to households. Using a difference in differences methodology it is found that the PIP policy has reduced the in ... (View publication)
There is common sense in the notions that healthier people are more productive and that wealthier people can obtain things that make them healthier. Investigating the strength of these associations, Wealth from Health asks whether investments in health also affect productivity and how public policy can influence this relationship. These questions are probed through a series of Latin American case ... (View publication)
This technical note considers whether low savings in Latin America and the Caribbean may result from low productivity rather than vice versa. Economies with low TFP growth tend to be economies in which returns to investments are low, with low saving rates as well. In that sense, low TFP growth, by providing weaker incentives to save, could be another determinant of the low saving rates observ ... (View publication)
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