Determining factors leading affiliates to transfer from an individual accounts pension scheme to a pay‐as‐you‐go pension scheme: Evidence from Argentina | Zendy

D'Elia Vanesa Valeria | Zendy

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Determining factors leading affiliates to transfer from an individual accounts pension scheme to a pay‐as‐you‐go pension scheme: Evidence from Argentina

Author(s) -

D'Elia Vanesa Valeria

Publication year - 2009

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/j.1468-246x.2009.01329.x

Subject(s) - social security , pension , scheme (mathematics) , transfer (computing) , economics , pension system , demographic economics , labour economics , public economics , finance , computer science , mathematical analysis , mathematics , parallel computing , market economy

Prior to the recent implementation of the Argentine Integrated Social Security System (SIPA — Sistema Integrado Previsional Argentino ), the 2007 reform represented the first major change in Argentina's old‐age social security system since 1994. For the first time, workers contributing to the private defined‐contribution individual accounts scheme were able to choose freely to move over to the public pay‐as‐you‐go (PAYG) scheme. This study is an attempt to analyse the special characteristics of those who opted for transfer to the public PAYG scheme and to discover whether the behaviour of these individuals is in line with that of a “simulated worker” attempting to optimize income. The analysis includes an estimate of the probability that individuals with certain characteristics will transfer.

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