The expected impact of the 2019 Brazilian pension reform on survivors’ pensions

Bibliographic Data

ID9971744
AuthorsRodrigo Souza Silva (Safra Bank São Paulo Brazil), Luís Eduardo Afonso (0000-0003-4639-8299, University of São Paulo Brazil, corresponding author)
Year2023
Volume76
Issue3
Pages69-90
Publication date2023-07-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueInternational Social Security Review (JOURNAL)
Journal identifiersISSN: 0020-871X • E-ISSN: 1468-246X
PublisherWiley (PUBLISHER • GB)
DOI10.1111/issr.12334
OpenAlexW4386918736
LanguageEN
Citations received2
References cited24

This study analyses the expected changes in survivors’ pensions resulting from the permanent rules of the 2019 pension reform in Brazil. Actuarial annuities are used for representative worker profiles. The dispersion in the replacement rate values decreases, except for the highest income level. The rates needed to finance survivors’ pensions decrease relatively more than do the rates for old‐age pensions. The internal rates of return significantly decrease. There is a heterogeneous change in the distributive aspects of the pension system. The reform shall affect the adequacy and intragenerational equity of old‐age and survivors’ pensions

Affect (linguistics · Demographic economics · Distributive property · Economics · Equity (law · Labour economics · Pension · Pension system · Political science · Rate of return · Finance · Financial Literacy, Pension, Retirement Analysis · Global Health Care Issues · Psychology · Retirement, Disability, and Employment

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Open DOIOpen Access