• Español
  • English
Author(s) / Editor(s): 
  • Julian A. Parra-Polania
  • Fernando Arias Rodríguez
  • Jesus Bejarano
  • Martha López
  • Juan J. Ospina-Tejeiro
  • Julio E. Romero-Prieto
  • Eduardo Sarmiento Gómez

Pension system in Colombia: description, demographic trends and macroeconomic analysis

Publicado el: 
Friday, 4 September 2020
Abstract

The article contributes to the study of the current state and the economic outlook of the pension system in Colombia by means of three types of analysis: (i) the description of the system based on statistics about coverage, fidelity rates, transfers between regimes and impact on public finances, among others, (ii) estimations and long-run projections of demographic trends in Colombia and (iii) the analysis of the evolution and the effect of the two main regimes (the pay-as-you-go scheme and the private-savings one) on macroeconomic variables such as savings, interest rates, wages, taxes and social welfare.