Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/125388
Authors: 
Melguizo, Angel
Year of Publication: 
2015
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Year:] 2015 [Issue:] 169
Abstract: 
A large share of the population in emerging market economies has no pension coverage, exposing them to the economic risks arising from socio-economic and individual shocks. This problem, which arises from having large informal (unregulated) sectors, affects not only poor workers, but as many as half the newly or nearly middle class in some emerging market economies. With very little social protection coverage today, these workers will also be vulnerable in the future unless tax, labor, and social policies change to encourage formalization. While formalization would require substantial resources in the short-term, it seems financially sustainable.
Subjects: 
informality
pensions
incentives
middle class
Latin America
JEL: 
H55
J08
Persistent Identifier of the first edition: 
Document Type: 
Article

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