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Imbalance, inequality, equity, and adjustment in pay-as-you-go pension systems in developing countries: empirical modeling and projections with data from Brazil

Ajax Reynaldo Bello Moreira et al.

Journal of Pension Economics and Finance2025https://doi.org/10.1017/s1474747225000071article
AJG 2ABDC B
Weight
0.50

Abstract

We analyze the effects of different pay-as-you-go public pension systems on financial imbalance, rate of return, and inequality of heterogeneous generations in terms of gender and education. We include aspects that are relevant for developing countries such as labor informality and payment of an old-age and social benefit. We introduce a new mixed system that combines components of the defined benefit (DB) and the defined contribution (DC) systems. Results show the new mixed system represents a compromise between the DB and DC systems and that a scheme (inspired in the German system) exhibits the highest rates of return and horizontal equity.

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https://doi.org/https://doi.org/10.1017/s1474747225000071

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@article{ajax2025,
  title        = {{Imbalance, inequality, equity, and adjustment in pay-as-you-go pension systems in developing countries: empirical modeling and projections with data from Brazil}},
  author       = {Ajax Reynaldo Bello Moreira et al.},
  journal      = {Journal of Pension Economics and Finance},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1017/s1474747225000071},
}

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Imbalance, inequality, equity, and adjustment in pay-as-you-go pension systems in developing countries: empirical modeling and projections with data from Brazil

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

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