The Brazilian pension model: The pending agenda |
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Authors: | Milko Matijascic Stephen J Kay |
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Institution: | 1. IPEA, , Brasilia, Brazil;2. Federal Reserve Bank of Atlanta, , Georgia, United States |
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Abstract: | To achieve national goals defined by the 1988 Brazilian Federal Constitution, cash benefits alone are insufficient in the absence of more robust social services to reduce inequalities and improve social cohesion. The Constitution, albeit of national importance and international significance, has not addressed many institutional and administrative weaknesses in the design of the national pension system. Although coverage has been increased and inequality reduced, these measures are not sufficient. Brazil's ambitions to further develop social policies (and, indeed, to live up to its accorded international status as a social policy leader) may be constrained by an over‐reliance on conditional cash transfers such as those provided under the Bolsa Família programme. Brazil faces a major political‐economy challenge in addressing all these issues because the policy reform process is difficult, and, more importantly, because of the embedded role of vested interests. Moreover, Brazil must tackle these issues in the face of growing fiscal pressures, which could weaken the current political legitimacy of social policy and undermine important recent successes. |
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Keywords: | pension scheme social security planning social security reform Brazil Mots clé s: financement de la sé curité sociale planification de la sé curité sociale ré forme de la sé curité sociale Bré sil Palabras clave: financiació n de la seguridad social planificació n de la seguridad social reforma de la seguridad social Brasil Schlü sselwö rter: Finanzierung der sozialen Sicherheit Planung der sozialen Sicherheit Reform der sozialen Sicherheit Brasilien |
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