Call for proposals: Non-Contributory Pensions, Social Assistance Programs and Household Savings in Latin America and the Caribbean
Over the last decade, there has been a rapid expansion of non-contributory pension programs in the Latin American and the Caribbean region as part of a wider wave of social assistance programs. Several of these programs were introduced in order to mitigate the social costs of informality and/or to support the poor. More than two-thirds of all countries in the region have developed a form of non-contributory pension for their elderly. This has managed to practically eradicate old age poverty in countries like Uruguay, Brazil, Argentina or Chile. There are, however, concerns that these programs could have unintended outcomes on various dimensions because they change the incentives that economic agents face.