Pay as you Go System versus Fully Funded Pension in Peru

Pay as you Go System versus Fully Funded Pension in Peru

The following paper analyses the sustainability of the Peruvian “Pay as You Go System” which is provided by the Government. In Peru, the “Pay as you Go System” coexists with Private Pension Funds or “Fully Funded Pension”. Sometimes both systems compete with each other with advantages and disadvanta...

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Bibliographic Details
Main Authors: Jorge B. Guillén, Ruben Mosqueda
Format: Article
Language:English
Published: Universidad EAFIT 2013-06-01
Series:Ecos de Economía
Subjects:
Sistema Individual
Fondo provado de Pensiones
Sustenibilidad.
Online Access:http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/2156
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spelling doaj-ffca88c851774f9592a725de48cc94ed2020-11-25T02:22:11ZengUniversidad EAFITEcos de Economía 1657-42062013-06-0117365191819Pay as you Go System versus Fully Funded Pension in PeruJorge B. GuillénRuben MosquedaThe following paper analyses the sustainability of the Peruvian “Pay as You Go System” which is provided by the Government. In Peru, the “Pay as you Go System” coexists with Private Pension Funds or “Fully Funded Pension”. Sometimes both systems compete with each other with advantages and disadvantages between them. We found that “Pay as You Go System” cannot be sustainable over a long period of time. In addition, based on a comparative analysis of advantages and disadvantages, we propose some recommendations to make Private Pension Funds (Fully Funded Pension) the best alternative to Pay as You Go System.http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/2156Sistema IndividualFondo provado de PensionesSustenibilidad.
collection DOAJ
language English
format Article
sources DOAJ
author Jorge B. Guillén
Ruben Mosqueda
spellingShingle Jorge B. Guillén
Ruben Mosqueda
Pay as you Go System versus Fully Funded Pension in Peru
Ecos de Economía
Sistema Individual
Fondo provado de Pensiones
Sustenibilidad.
author_facet Jorge B. Guillén
Ruben Mosqueda
author_sort Jorge B. Guillén
title Pay as you Go System versus Fully Funded Pension in Peru
title_short Pay as you Go System versus Fully Funded Pension in Peru
title_full Pay as you Go System versus Fully Funded Pension in Peru
title_fullStr Pay as you Go System versus Fully Funded Pension in Peru
title_full_unstemmed Pay as you Go System versus Fully Funded Pension in Peru
title_sort pay as you go system versus fully funded pension in peru
publisher Universidad EAFIT
series Ecos de Economía
issn 1657-4206
publishDate 2013-06-01
description The following paper analyses the sustainability of the Peruvian “Pay as You Go System” which is provided by the Government. In Peru, the “Pay as you Go System” coexists with Private Pension Funds or “Fully Funded Pension”. Sometimes both systems compete with each other with advantages and disadvantages between them. We found that “Pay as You Go System” cannot be sustainable over a long period of time. In addition, based on a comparative analysis of advantages and disadvantages, we propose some recommendations to make Private Pension Funds (Fully Funded Pension) the best alternative to Pay as You Go System.
topic Sistema Individual
Fondo provado de Pensiones
Sustenibilidad.
url http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/2156
work_keys_str_mv AT jorgebguillen payasyougosystemversusfullyfundedpensioninperu
AT rubenmosqueda payasyougosystemversusfullyfundedpensioninperu
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