Growing pains
is Latin America prepared for population aging?
International Monetary Fund: Western Hemisphere Department ; Lorenzo Figliuoli
Serie: Departmental paper No. 18/05
This paper estimates the fiscal costs of population aging in Latin America and provides policy recommendations on reforms
needed to make these costs manageable. Although Latin American societies are still younger than most advanced economies, like other emerging markets the region is already in a process of population aging
that is expected to accelerate in the remainder of the century. Les mer
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319,-
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Leveringstid: Sendes innen 21 dager
På grunn av Brexit-tilpasninger og tiltak for å begrense covid-19 kan det dessverre oppstå forsinket levering
This paper estimates the fiscal costs of population aging in Latin America and provides policy recommendations on reforms
needed to make these costs manageable. Although Latin American societies are still younger than most advanced economies, like
other emerging markets the region is already in a process of population aging that is expected to accelerate in the remainder
of the century. This will directly affect fiscal sustainability by putting pressure on public pension and health care systems
in the region that are already more burdened than, for example, in emerging Asia, a region with a similar demographic structure.
A stylized cross-country exercise, drawing on demographic projections from the United Nations and methodologies developed
by the IMF to derive public spending projections, is used to quantify long-term fiscal gaps generated by population aging
in 18 Latin American countries.
Several aspects of current pensions and health care systems in Latin Amer-ica make the region's long-term fiscal positions particularly vulnerable to population aging.
Several aspects of current pensions and health care systems in Latin Amer-ica make the region's long-term fiscal positions particularly vulnerable to population aging.