Abstract

KATO VIDAL, Enrique Leonardo  and  CARDENAS AGUILAR, Claudia. Instituciones, transición demográfica y riesgos del sistema de pensiones. Norteamérica [online]. 2013, vol.8, n.2, pp.105-126. ISSN 2448-7228.

Factors like a rising life expectancy, precariousness in the job market, and lack of jobs for older adults affect pension systems. Our hypothesis states that the move from the distributive system to one based on personal capitalization accounts does not eliminate the financial risks posed by the population's increasing longevity. We follow Poterba's contrast strategy (2001, 2004), which correlates population structure with the interest rate in the United States and Canada. The authors conclude that international capital mobility benefited the countries that aged first and that we are currently facing a greater challenge to achieving adequate pensions.

Keywords : population aging; interest rate; pension systems; Mexico.

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