Social Security Reforms in Colombia: Striking Demographic and Fiscal Balances

Author/Editor: Clavijo, Sergio
Publication Date: March 01, 2009
Summary: This paper analyzes the economic rationale for adopting parametric pension reforms and reforms broadening the coverage of public health care in Colombia during 1993-2008. Parametric pension reforms have focused on increasing the retirement age and moderating replacement rates. The health system reforms aimed at reaching universal coverage by 2012, while providing a more homogenous level of services. Our results indicate that the Net Present Value of the debt of the social security system in Colombia is roughly 160 percent of GDP for pensions and about 97 percent of GDP for the health system.
Subject(s): Social security | Colombia | Fiscal reforms | Labor market policy | Pensions | Health care | Government expenditures | Social safety nets

Author's Keyword(s): Social security | healthcare expenditures
Publication Date: March 01, 2009
Format: Paper
Stock No: WPIEA2009058 Pages: 31
US$18.00 (Academic Rate:
US$18.00 )
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