This paper reviews the main elements of social security reform in Brazil since 1998 and discusses areas where further
policy action is yet to be taken to ensure the sustainability of the social-security system over time. Outlays on
pensions paid to private-sector workers have risen as a result of population ageing and the increase in the value of the
minimum wage in real terms, to which the minimum pension is linked. Some features of existing social protection
programmes, including means-tested old-age and disability-related benefits, reduce the incentives facing workers to
seek social security coverage. At the same time, an expansion of the base of contributions to social security has been
constrained by widespread labour informality. Further reform will therefore need to focus on options for containing
the rise in social security spending while tackling labour informality so as to broaden the base of contributions.
Social Security Reform in Brazil
Achievements and Remaining Challenges
Working paper
OECD Economics Department Working Papers
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