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The performance of the income protection system for older adults in Ecuador and future challenges
Author(s) -
Apella Ignacio
Publication year - 2020
Publication title -
international social security review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.349
H-Index - 28
eISSN - 1468-246X
pISSN - 0020-871X
DOI - 10.1111/issr.12234
Subject(s) - context (archaeology) , sustainability , pension system , pension , business , face (sociological concept) , economic growth , economics , development economics , public economics , geography , finance , sociology , ecology , archaeology , biology , social science
The objective of this article is to analyse the performance of Ecuador’s pension system and the challenges it will face in the future. Over the last 13 years, the pension system has made significant advances in terms of coverage and adequacy. However, demographic ageing is straining the financial sustainability of the contributory scheme. In this context, a number of public policy areas are identified, in terms of parameters and structures, which, together with the expansion of non‐contributory coverage, could provide a more equitable and sustainable scheme.