Biblioteca Digital de VanguardiaAging impacts and labor market dynamics on pension public expenditures in Colombia.
This document aims to estimate the impacts of population aging and labor market dynamics on public spending on pensions in the short and medium term by simulating different formality and labor productivity scenarios taking into account the institutional factors of the pension system Colombian. It is...
| Autores principales: | , |
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| Formato: | Revistas |
| Lenguaje: | Español |
| Publicado: |
Universidad de Cartagena
2017
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| Acceso en línea: | https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/2086 |
| Sumario: | This document aims to estimate the impacts of population aging and labor market dynamics on public spending on pensions in the short and medium term by simulating different formality and labor productivity scenarios taking into account the institutional factors of the pension system Colombian. It is concluded that the increase in labor formalization is not enough to reduce public expenditure on pensions, since in the medium term labor productivity is the essential variable in the financial sustainability of the system, if and only if its increases are accompanied by a increase in salary and contribution levels. |
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