Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/290009 
Year of Publication: 
2022
Series/Report no.: 
IDB Working Paper Series No. IDB-WP-1393
Publisher: 
Inter-American Development Bank (IDB), Washington, DC
Abstract: 
Using an impact evaluation methodology for interrupted time-series and the IDB Pension Projection Model, this study estimates that the COVID-19 pandemic could have notably effects on the private pension system in El Salvador as a consequence of the relaxation of requirements to repay early withdrawals that was established in the context of the pandemic. This fact could negatively affect passive coverage rate, system incomes, short-run system surplus and replacement rates, generating an increase in the fiscal cost. The problems of the Salvadoran pension system are structural, and the COVID-19 pandemic has exacerbated them. Consequently, although it is possible to discuss policies to reduce these effects, it is necessary to frame this discussion in the context of a comprehensive reform of the system.
Subjects: 
COVID-19
Salvadoran pension system
Early Withdrawals
Impactevaluation
Pension reform
JEL: 
C22
G28
H55
J14
J32
J33
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

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