Defined Contribution Funded Social Security and Labor Supply: Focus on Mexican Social Security Reform in 1997
Hong, Sungwoo | June 2020
Abstract
Countries adopting a defined benefit pay-as-you-go (DB PAYG) regime have two options to solve the issue of financial unsustainability: (1) a parametric reform, which alters policies within DB PAYG regime, and (2) a structural reform, which changes the regime from DB PAYG to a defined contribution funded (DC) system. In this study, focusing on the structural reform of Mexico in 1997, I investigate whether structural social security reform affects labor supply. The findings suggest that the change in the social security regime increased both labor force participation and work hours per week. However, in the case of the elderly, the intensive margin effect on labor supply was not statistically significant.
Citation
Hong, Sungwoo. 2020. Defined Contribution Funded Social Security and Labor Supply: Focus on Mexican Social Security Reform in 1997. © Korea Institute for International Economic Policy. http://hdl.handle.net/11540/12154.Print ISBN
978-89-322-4295-8
Keywords
Alleviating Poverty
Anti-Poverty
Extreme Poverty
Fight Against Poverty
Global Poverty
Health Aspects Of Poverty
Indicators Of Poverty
Participatory Poverty Assessment
Poverty Eradication
Poverty Analysis
Poverty In Developing Countries
Poverty Reduction Efforts
Urban Poverty
Social planning
Social policy
Social administration
Social security
Social services
Social welfare
Poverty
Unemployment
Development Indicators
Environmental Indicators
Economic Indicators
Educational Indicators
Demographic Indicators
Health Indicators
Disadvantaged Groups
Low Income Groups
Socially Disadvantaged Children
Rural Conditions
Rural Development
Social Conditions
Urban Development
Urban Sociology
Income Distribution
Demographic Indicators
Social Justice
Poor
Economic forecasting
Health expectancy
Social groups
Political participation
Distribution of income
Inequality of income
Developing countries
Rural community development
Mass society
Social change
Social policy
Social stability
Population
Sustainable development
Peasantry
Urban policy
Urban renewal
Social change
Social accounting
Inequality of income
Economic growth
Quality of Life
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Citable URI
http://hdl.handle.net/11540/12154Metadata
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