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Costs of Extending the Noncontributory Pension Program for Elderly: The Mexican Case |
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| Authors: | Emma Aguila Nelly Mejia Francisco Perez-Arce Edgar Ramirez Alfonso Rivera Illingworth |
| Affiliation: | 1. Assistant Professor, Sol Price School of Public Policy, University of Southern California, Los Angeles, California, USAeaguilav@usc.edu;3. PhD Candidate, RAND Corporation, Santa Monica, California, USA;4. Economist, Labor and Population, RAND Corporation, Arlington, Virginia, USA;5. Secretaría de Desarrollo Social (SEDESOL), Mexico City, Mexico;6. Policy Analyst, RAND Corporation, Santa Monica, California, USA |
| Abstract: | Population aging coupled with high poverty rates among older persons and a lack of access to social-security benefits or traditional support systems have led governments in low and middle-income countries to introduce non-contributory pension programs for the elderly. This article reviews a non-contributory pension program introduced in Mexico in 2007 that has since expanded greatly. We use a variety of sources to estimate current and future costs of this program. |
| Keywords: | Mexico noncontributory pension program older population retirement |