Working Paper
The Brazilian social security program:diagnosis and proposal for reform
Fecha
1994-05Autor
Castro, Hélio Oliveira Portocarrero de
Oliveira, Luiz Guilherme Schymura de
Cardoso, Renato Fragelli
Magalhães, Uriel de
Institución
Resumen
The Brazilian pay-as-you-go social security program is analyzed in a historical perspective. Its contribution to income inequality, and the role played by the inflation as a balancing variable are discussed. It is shown that budgetary constraints due to the increasing informalization of the labor force can no longer be reconciled with protligate eligibility criteria. A tailor-made proposal for reform is presented as well as a plan for financing the transition from today's system to the proposed one.