Analysis of the factors of expansion of spending on pensions in the regime of Invalidity, Old Age and Death of the Costa Rican Cover of Social Security
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Universidad Nacional, Costa Rica
2019
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| Acceso en línea: | https://www.revistas.una.ac.cr/index.php/abra/article/view/12340 |
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ABRA12340 |
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ABRA123402020-02-04T20:45:27Z Analysis of the factors of expansion of spending on pensions in the regime of Invalidity, Old Age and Death of the Costa Rican Cover of Social Security Análisis de factores de expansión del gasto en pensiones en el Régimen de Invalidez, Vejez y Muerte de la Caja Costarricense de Seguro Social Sandoval Vásquez, José Fulvio Hernández Castro, Gustavo actuarial sustainability replacement rate support radio Sostenibilidad actuarial tasa de reemplazo radio de soporte This article analyzes, from a macroeconomic point of view, the options that Costa Rica has to control the growth of pension spending in relation to the Gross Domestic Product (GDP), in the case of the regime of invalidity, old-age and deathpensions administered by the Costa Rican Social Security Fund (CCSS). To this end, an econometric model is developed that decomposes the ratio of pension expenditure to GDP into four factors (demography, labor market, eligibility and generosity). The estimation of the model provides the elasticity coefficients of each factor with respect to the ratio of pension expenditure to GDP, which allow analyzing the importance of each element and establishing policy options for the containment of expenditure in order to ensure the sustainability of the RIVM by expense side. En este artículo se analiza, desde un punto de vista macroeconómico, las opciones que tiene Costa Rica para controlar el crecimiento del gasto en pensiones en relación con el Producto Interno Bruto (PIB), en el caso del Régimen de Invalidez Vejez y Muerte (RIVM) administrado por la Caja Costarricense de Seguro Social (CCSS). Con esta finalidad se desarrolla un modelo econométrico que descompone la razón gasto en pensiones a PIB en cuatro factores (demografía, mercado de trabajo, elegibilidad y generosidad). La estimación del modelo proporciona los coeficientes de elasticidad de cada factor respecto a la razón gasto en pensiones al PIB, los cuales permiten analizar la importancia de cada elemento y establecer opciones de política para la contención del gasto en procura de la sostenibilidad del RIVM por el lado del gasto. Universidad Nacional, Costa Rica 2019-12-17 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf text/html application/epub+zip https://www.revistas.una.ac.cr/index.php/abra/article/view/12340 10.15359/abra.39-59.5 Revista ABRA; Vol. 39 No. 59 (2019): REVISTA ABRA (Cierre 31 de diciembre); 87-123 Revista ABRA; Vol. 39 Núm. 59 (2019): REVISTA ABRA (Cierre 31 de diciembre); 87-123 Revista ABRA; v. 39 n. 59 (2019): REVISTA ABRA (Cierre 31 de diciembre); 87-123 2215-2997 1409-3928 spa https://www.revistas.una.ac.cr/index.php/abra/article/view/12340/18459 https://www.revistas.una.ac.cr/index.php/abra/article/view/12340/18460 https://www.revistas.una.ac.cr/index.php/abra/article/view/12340/18461 Copyright (c) 2019 Revista ABRA |
| institution |
Universidad Nacional de Costa Rica |
| collection |
Revista Abra |
| language |
spa |
| format |
Online |
| author |
Sandoval Vásquez, José Fulvio Hernández Castro, Gustavo |
| spellingShingle |
Sandoval Vásquez, José Fulvio Hernández Castro, Gustavo Analysis of the factors of expansion of spending on pensions in the regime of Invalidity, Old Age and Death of the Costa Rican Cover of Social Security |
| author_facet |
Sandoval Vásquez, José Fulvio Hernández Castro, Gustavo |
| author_sort |
Sandoval Vásquez, José Fulvio |
| title |
Analysis of the factors of expansion of spending on pensions in the regime of Invalidity, Old Age and Death of the Costa Rican Cover of Social Security |
| title_short |
Analysis of the factors of expansion of spending on pensions in the regime of Invalidity, Old Age and Death of the Costa Rican Cover of Social Security |
| title_full |
Analysis of the factors of expansion of spending on pensions in the regime of Invalidity, Old Age and Death of the Costa Rican Cover of Social Security |
| title_fullStr |
Analysis of the factors of expansion of spending on pensions in the regime of Invalidity, Old Age and Death of the Costa Rican Cover of Social Security |
| title_full_unstemmed |
Analysis of the factors of expansion of spending on pensions in the regime of Invalidity, Old Age and Death of the Costa Rican Cover of Social Security |
| title_sort |
analysis of the factors of expansion of spending on pensions in the regime of invalidity, old age and death of the costa rican cover of social security |
| title_alt |
Análisis de factores de expansión del gasto en pensiones en el Régimen de Invalidez, Vejez y Muerte de la Caja Costarricense de Seguro Social |
| publisher |
Universidad Nacional, Costa Rica |
| publishDate |
2019 |
| url |
https://www.revistas.una.ac.cr/index.php/abra/article/view/12340 |
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