Latin America's Social Policy Challenge
Education, Social Insurance, Redistribution
Bibliographic Data
| ID | 4029486 |
|---|---|
| Authors | Santiago Levy (Vice President for Sectors and Knowledge, Inter-American Development Bank, which is headquartered in Washington, DC.), Norbert Schady (Principal Economic Advisor for the Social Sector, Inter-American Development Bank, which is headquartered in Washington, DC.) |
| Year | 2013 |
| Volume | 27 |
| Issue | 2 |
| Pages | 193-218 |
| Publication date | 2013-02-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic Perspectives (JOURNAL) |
| Journal identifiers | ISSN: 0895-3309 • E-ISSN: 1944-7965 |
| Publisher | American Economic Association (PUBLISHER • US) |
| DOI | 10.1257/jep.27.2.193 |
| OpenAlex | W2035098861 |
| Language | EN |
| Citations received | 64 |
| References cited | 29 |
Long regarded as a region beset by macroeconomic instability, high inflation, and excessive poverty and inequality, Latin America has undergone a major transformation over the last 20 years. The region has seen improved macroeconomic management and substantial and sustained reductions in poverty and inequality. In this paper, we argue that social policy, including human capital and education, social insurance, and redistribution, need special attention if achievements of the last two decades are to be sustained and amplified. Starting in the mid 1990s, many governments in the region introduced a variety of programs, including noncontributory pensions and health insurance, and cash transfers targeted to the poor. Social spending in Latin America increased sharply. These policies have been widely praised, and we believe they have resulted in substantial improvements in the lives of the poor in the region. However, a more nuanced view shows some worrisome trends. Moving forward, we believe it is necessary to pay much closer attention to the quality of services, particularly in education; to the incentives generated by the interplay of some programs, particularly in the labor market; to a more balanced intertemporal distribution of benefits, particularly between young and old; and to sustainable sources of finance, particularly to the link between contributions and benefits
Cash transfers · Redistribution · Social insurance · Financial Literacy, Pension, Retirement Analysis · Income, Poverty, and Inequality · Poverty, Education, and Child Welfare
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Mark Time
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Educational inequalities in disability linked to social security coverage among older individuals in five Latin American countries
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History Lessons
| Unique citing works | 64 |
|---|---|
| Citations per year | 5,33 |
| Citation span | 2014 - 2026 (13) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 64 |