Pensions in Mexico A Long-Term Risk

By Victor M. Soria With the coming of economic globalization, over the last two decades, pre-existing problems in pension systems in practically all the countries of the world have sharpened. On the one hand, with increased life expectancy, the population pyramid now contains a larger number of retired persons and people ofretirement age; the increase in unemployment has lowered the number of contributors to social security systems; and on the other hand, financial liberalization and the economic adjustments brought by globalization...