000			01264pab a2200205 454500
008			180718b2016 xxu||||| |||| 00| 0 eng d
100			_aOlivera, Javier
245			_aWelfare, inequality and financial effects of a multi-pillar pension reform: the case of Peru _b
260			_c2016
300			_ap.1401-1414.
362			_aOct
500			_a
520			_aThis paper studies the potential effects of a multi-pillar pension system on pension inequality, actuarial liability and welfare in Peru, by means of simulations of future distributions of pensions with social security administrative records. The results show that actual pension inequality and actuarial liability can be substantially reduced with welfare preserving policies. The simulations illustrate that when welfare is considered, it is important to define the implied value judgments, which are not universally agreed upon. Therefore, this paper highlights the trade-offs of a pension policy reform and contributes to assess the second generation of pension reforms in Latin America. - Reproduced.
650			_aSocial welfare - Peru
650			_aPensions - Peru
650			_aPensions
773			_aJournal of Development Studies
906			_a
909			_a111614
999			_c111609 _d111609