Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/195216 
Year of Publication: 
2015
Citation: 
[Journal:] Latin American Economic Review [ISSN:] 2196-436X [Volume:] 24 [Issue:] 1 [Article No.:] 2 [Publisher:] Springer [Place:] Heidelberg [Year:] 2015 [Pages:] 1-35
Publisher: 
Springer, Heidelberg
Abstract: 
The intra-generational redistribution in the Argentinean pension program is assessed in a lifetime basis. Using household surveys, the lifetime flows of labor income, contributions and retirement benefits are simulated. Then, the expected present values of pre- and post-social security labor income are computed. The results show that the pay-as-you-go defined-benefit system appears to be regressive, especially for women in the private sector. The results are robust to the use of alternative discount rates and different definitions of pre- and post-social security wealth. When income from informal jobs is taken into account, the system becomes slightly progressive. A weak enforcement of the law makes the system less regressive. Finally, in a counterfactual scenario in which there is no informal labor, the system becomes almost neutral, even showing a small level of progressivity.
Subjects: 
Social security
Redistribution
Micro-simulations
Argentina
JEL: 
H50
H55
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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