Still Working, No Longer Contributing: The Pension Gap for Latin America’s Over-50s
Latin Americans above the age of 50 largely continue working, but many shift to informal work. Low social security coverage and limited opportunities to save in informal work not only deepen economic vulnerabilities for these workers, but also threatens the sustainability of pension systems. A recent study from the International Federation of Pension Fund Administrators (FIAP) shows that while labour force participation for those aged 50-75 years declines between 5 and 15 percentage points, access to formal employment falls between...
