José A Cuesta - Academia.edu (original) (raw)
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Papers by José A Cuesta
The paper provides a set of preliminary hypotheses and exploratory econometric testing to explain... more The paper provides a set of preliminary hypotheses and exploratory econometric testing to explain low rates of participation in reformed social security systems, with special emphasis on two Latin American countries. The hypotheses claim that the working poor and self-employed continue to have a specific and strong rationale for avoiding participation in the multi-pillar pension system and that transactions costs, system design issues, and problems of credibility negatively influence the decision of all members of the labor force to participate. Some of the established hypotheses have been subjected to exploratory econometric testing using available household survey data for Chile and Argentina. The results support the conjecture that socioeconomic characteristics matter for (non) participation, and that the poor, the uneducated and the self-employed pose a special challenge to the extension of pensions coverage. The paper outlines a research strategy, including a more social security-focussed survey and comparative analyses, to confirm the results presented in this paper, and to test those hypotheses related to the different pensions institutions reforming governments have chosen to put in place. Work in this vein has already begun. for their insights and comments. All errors are, of course, the responsibility of the authors.
The paper provides a set of preliminary hypotheses and exploratory econometric testing to explain... more The paper provides a set of preliminary hypotheses and exploratory econometric testing to explain low rates of participation in reformed social security systems, with special emphasis on two Latin American countries. The hypotheses claim that the working poor and self-employed continue to have a specific and strong rationale for avoiding participation in the multi-pillar pension system and that transactions costs, system design issues, and problems of credibility negatively influence the decision of all members of the labor force to participate. Some of the established hypotheses have been subjected to exploratory econometric testing using available household survey data for Chile and Argentina. The results support the conjecture that socioeconomic characteristics matter for (non) participation, and that the poor, the uneducated and the self-employed pose a special challenge to the extension of pensions coverage. The paper outlines a research strategy, including a more social security-focussed survey and comparative analyses, to confirm the results presented in this paper, and to test those hypotheses related to the different pensions institutions reforming governments have chosen to put in place. Work in this vein has already begun. for their insights and comments. All errors are, of course, the responsibility of the authors.